Herfy Food Services reported earnings results for the fourth quarter and year of 2014. The company posted SAR 48.68 million net profit, a decline by 5.18% year-over-year from SAR 51.34 million and by 14.17% quarter-on-quarter from SAR 56.71 million.

Meanwhile, net profit amounted to SAR 205.80 million, with a rise by 7.51% from SAR 191.42 million a year earlier. The company attributed the profit fall year-over-year and quarter-on-quarter to higher cost of sales and financing expenses.