Revenue by segment before inter segment eliminations: For the first quarter 2021 as compared to same quarter previous year, revenues increased in the Food Processing and Food Services segments by 17.4% and 4.4% respectively. While revenues decreased in the Retail and Frozen Food segment by 12.2% and 8.9% respectively, compared to same quarter previous year.

Net profit by segment: For the first quarter 2021 as compared to same quarter previous year, net profits from the Food Processing, Investments and Frozen Foods increased by 41.1%, 17% and 5.4% respectively. The Retail segment recorded a net loss of SAR 51.68 million in the first quarter 2021 compared to a net profit of SAR 10.83 million same quarter previous year.

The Condensed Consolidated Financial statements for the period ended 31st March 2021, will be available through the following link on Savola's website, and Savola's Investment Relation App after sending it to the relevant authorities: http://www.savola.com/SavolaE/Financial_Reports.php

The quarterly investor presentation will be available on Savola's website within the Investors section at the following link:

https://www.savola.com/en/investors/investor-relations/financial-information/earnings-presentations

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SAVOLA Group Company SJSC published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 08:54:01 UTC.