date:Apr 21, 2014
Saudi Arabia's Savola Group posted a 43 percent rise in first-quarter profit on Sunday, beating analysts' estimates as the food producer expanded its market share in the retail sector, revenue rose and financial charges fell.
The company made a profit of 423 million riyals ($112.8 million) in the first three months of 2014, up from 295 million riyals in the year-earlier period, according to a statement to Riyadh's bourse.
Analysts polled by Reuters on average had forecast Savola would make a q