Savola's profits in Saudi Arabia rose by 91.5% in 2020 to $242.79 million, compared to $126.78 million in 2019. The company announced that it would distribute dividends amounting to $116.01 million.
The group's net profits declined by 67.44% in the fourth quarter of 2020, reaching $12.3 million, compared to approximately $37.6 million in the corresponding quarter of 2019. Savola reported a slight increase in sales last year of 1.4%, totaling $5.78 million, compared to $5.70 million in the previous year, 2019.
