With reference to the announcement of preliminary financial results as on 30/06/2013 (six months) on Tadawul on 17th July 2013, the Savola Group would like to clarify that the reason of increase of Net income for 2nd quarter, 2013 as compared to the 1st quarter, 2013 in addition to the reasons mentioned in the said announcement, was due to the lower financial charges, zakat and income taxes impacted by the devaluation of currencies in certain overseas operations.
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