Saudi food service company Herfy posted a 3.96% drop in net profit for 2019 to 196.09 million riyals ($52.29 million) from 204.17 million riyals in 2018.
The company reported in a bourse filing on Wednesday (Feb 19) a 4.97% rise in sales to 1.29 billion riyals but this could not offset the increase in expenses for selling and marketing, and general administration.
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