Revenue by segment before inter segment eliminations:

For the year of 2021 as compared to last year, revenues decreased in the Retail and Frozen Food segment by 9.8% and 12.7%, respectively. While revenues increased in the Food Processing and Food Services segments by 46.12% and 22.1% respectively, compared to last year.

Net profit by segment:

For the year 2021 as compared to last year, net profits from the Food Processing and Food services segments increased by 1.4% and 215.6%, respectively, while net profits from the Frozen Foods and Investments segments decreased by 26.4% and 18.5%, respectively. The Retail segment recorded a net loss of SAR 586.67 million in 2021 compared to a net profit of SAR 71.27 million last year.

Savola Group will continue focusing on its growth momentum in Food business segments while intensifying its efforts on the transformation of the Retail segment.

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

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SAVOLA Group Company SJSC published this content on 27 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 13:01:07 UTC.