Savola

Savola profits down 15%, more falls to come

Savola profits down 15%, more falls to come

By Eliot Beer

The Savola Group saw profits fall 15% in its second quarter, and warns full-year profits could be down 10%, because of oversupply of commodities and a larger retail sector.

Savola accused of dumping oil in Iranian market

Savola accused of dumping oil in Iranian market

By Eliot Beer

Savola Group’s Iranian subsidiary is under fire in Iran for allegedly dumping vegetable oil in the market, a month after MPs attacked the Saudi firm’s investments in the country.

Food producers reveal mixed full-year results

Food producers reveal mixed full-year results

By Eliot Beer

Regional food manufacturers have seen mixed results 2013, with Savola Group's earnings up 21% and Agthia up 28%, but dairy giant Almarai posting profits of just 4%.

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