Sunday 13 July 2014
 
»
 
»
Story

Safco Q4 net profit up 25pc to $453m

Riyadh, January 11, 2012

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 sales volumes.

The result beat expectations for the affiliate of Saudi Basic Industries Corporation (Sabic), with five analysts polled by Reuters anticipating on average a net profit of 1.14 billion riyals.

The company's performance compared to the 1.03 billion riyals it recorded in the fourth quarter of 2010 and a 5 percent increase over the 1.21 billion riyals of profit in the third quarter of 2011. - Reuters




Tags: Saudi | petrochemical | fertilizer | Safco | industry |

More Industry, Logistics & Shipping Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com