Monday 10 December 2018
Saudi Arabian Fertilizers Company

Saudi Arabian Fertilizers ratings cut

Credit Suisse downgraded Saudi Arabian Fertilizers Company (Safco), a leading Middle Eastern nitrogenous fertilizer producer, to "neutral" from "outperform," anticipating weak urea prices in the short term. A fall in fertilizer demand in t


Safco Q2 net up 89pc on higher prices

Saudi Arabian Fertilizers Company (Safco) posted a better-than-expected 89 per cent rise in its second-quarter net profit on improved prices for its products and non-recurring proceeds from land sale. Safco, which produces urea and ammonia


Saudi Fertilizers' Q1 net profit soars 33pc

Saudi Arabian Fertilizers Company (Safco) posted a 33 per cent rise in first-quarter net profit after a rise in urea and ammonia prices. Safco made 698 million riyals ($186.1 million) in the three months to end-March, up from 525 million r


Saudi Fertilizers' Q4 net plunges 28pc

Saudi Arabian Fertilizers Company (Safco) said its net profit fell 28 per cent in the fourth quarter, below analysts' forecasts. Safco made SR536 million ($143 million) in the three months to December 31, down from the SR742.95 million

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