Thai Union quits Middle East venture
The Thailand-based seafood giant is selling up and leaving a venture signed six years ago after the business failed to hit expectations.
Savola
Earnings summary – Kraft Heinz FY sales fall; Campbell H1 sales drop on volumes in ‘challenging’ US; Danone boosted by WhiteWave synergies; J.M. Smucker Q3 food sales fall
just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.
Savola CEO Rayan Fayez quits
Savola CEO Rayan Fayez has resigned from the Saudi Arabia-based food manufacturer and retailer after less than two years in the job.
Saudi’s Savola Group ‘in talks to buy confectioner Sannabel Al-Salam’
Saudi Arabia's largest food group Savola has been linked with a US$300m bid to acquire confectionery manufacturer and retailer Sannabel Al-Salam.
Savola profit falls on lower Q1 sales, margins
Saudi Arabian food group Savola has reported a 96% fall in first-quarter net profit.
Egypt impairment charge weighs on Savola’s food arm
Savola has reported a fall in annual sales and earnings from its food division amid an impairment on the Saudi Arabia-based group's food manufacturing business in Egypt. The company generated…
Savola posts 53.3% fall in Q3 net profit
Saudi Arabian food group Savola has booked a 53.3% fall in net profit in interim third-quarter financial results for 2016. Savola said net profit for the three months to 30 September was…
Savola Q1 profits plunge on higher expenses
Profits at Saudi Arabian food group Savola have plunged in the first quarter. For the three months ending 31 March, Savola recorded an 80% drop in profits to SAR92.9m (US$24.7m). The…
Savola subsidiary to get US$100m investment from EBRD
The European Bank for Reconstruction and Development (EBRD) has announced a US$100m equity investment into United Sugar Company of Egypt, a subsidiary of Egypt's Savola Group. The bank will convert…
Savola posts FY profit drop on charges
Saudi's Savola Group has posted a fall in annual profits. Net income fell 13.5% in 2015 to SAR1.8bn (US$479.9m). Savola said the lower earnings came from charges associated with the disposal…
Savola appoints Rayan Mohammed Fayez as CEO
Saudi Arabian food group Savola has appointed a new CEO. In an announcement yesterday (19 January) the group said it was appointing Rayan Mohammed Fayez as CEO. Fayez previously held…
