RIYADH: Shares of Saudia Dairy and Foodstuff Co., or SADAFCO, surged 10 percent, leading the gainers in the market on Sunday, following a 48 percent growth in profit in the second quarter of 2022, driven by higher sales. Profits increased to SR56 million ($15 million), compared to SR38 million in the period a year earlier, the company announced in a bourse statement. SADAFCO attributed the higher profit figures to a 28 percent increase in sales volumes which reached SR631 million. Earlier, the company said it paid SR3 per share in cash dividends for the first half of its fiscal year. Jeddah-based SADAFCO operates sales and distribution depots in 24 locations across Saudi Arabia, Bahrain, Qatar, Jordan, and Kuwait. Its products are also exported to several countries in the Middle East and North Africa region.