Thursday 31 July 2014
 
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fertilizer

Safco Q4 net profit up 25pc to $453m

Saudi Arabian Fertilizers Company (Safco) reported a fourth quarter net profit of 1.27 billion riyals ($453 million) on Wednesday, a 25 percent rise over the same period of the previous year that it attributed to a rise in fertiliser prices and sa

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Safco Q2 profit falls 13pc; misses forecast

Saudi Arabian Fertilizers Co (Safco) on Sunday said its quarterly net profit fell 13 percent, missing analysts expectations for the second straight quarter. Safco made 790 million riyals ($210.7 million) in the second  quarter, compar

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Sinochem seeks govt support for Potash bid

Chinese chemical conglomerate Sinochem Group has formally asked the government to back a bid for Canada's Potash Corp, a local newspaper reported on Sunday.    The Economic Observer cited sources close to the deal as sa

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Safco appoints new managing director

Saudi Fertilizers Co (Safco) said on Wednesday managing director Abdul-Aziz Al-Majed would step down and be replaced by Fahad Al-Otaibi. The announcement comes after the urea and ammonia producer posted on Saturday a 60 percent drop in sec

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Lower prices hammer Safco profit

Saudi Fertilizers Co (Safco) said its net profit fell sharply in the second quarter on lower global prices but its stock closed up after the firm gave a dividend that was higher than its earnings per share. Safco made a net profit of 480 m

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Forum to probe safety in fertiliser industry

The International Fertiliser Association (IFA) will hold its first Safety, Health and Environment Conference for the fertiliser industry from March 14 to 18 in Bahrain. The event will be held under the patronage of Oil and Gas Affairs Mini

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New threat to food system: pricey fertilizer

Fertilizer, which powered the Green Revolution and helped save millions from starvation, is being priced out of reach for many of the world's growers. With food prices soaring and stocks thinning, the world is in need of bumper harvests bu

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Fertiliser policies analysed

A GPIC delegation led by general manager Abdul Rahman Jawahery returned home from Sao Paolo, Brazil after the meeting of the International Fertiliser Association's technical committee and the IFA technical conference. The four-day mee

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Taiwan develops new crop enhancer

Agriculture researchers at a government-run laboratory have proven the effects of a new eco-friendly crop enhancer in boosting the output of cultivated vegetables and improving land productivity, according to government sources in Taiwan.

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Safco profits surge 75pc to $392 million

Saudi Arabian Fertilizers Company (Safco) has reported a net profit of SR1.466 billion ($392 million) during the first nine months of 2007, compared to SR836.8 million in the same period in 2006, an increase of 75 per cent. Net profit

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