Savola predicts SAR 1,815 mln net profit for FY-15

Savola Group predicted a net income ​of ​SAR 1,815 million ​for its earnings ​in fiscal year 2015​, the company said in a statement to Saudi Arabia's bourse ​after its 2014 fiscal year financial statements were released.

The Saudi-based edible oil producer will likely generate a net profit of SAR 360 million (before capital gains) in Q1 2015, said Abdullah Bin Mohammed Noor Raheemi, chief executive of the company.