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Nama Chemicals turns profit in Q3 on stronger sales

2018-11-01 15:58:36 GMT (Economies.com)
 

Nama Chemicals Co. on Thursday posted its financial results for the third quarter of 2018, showing SAR 749,000 net profit, against SAR 2.02 million net loss in the same period a year ago.

 

The company’s net operating profit amounted to SAR 4.3 million, against SAR 3.6 million operating profit in Q3-17.

 

The company ascribed the Q3 profit to increase in average sale prices of final products, despite the fall in sold quantities, in addition to a decline in costs of raw materials, as well as a fall in sale and marketing prices.

 

Q3-18 revenues decreased to SAR 137.5 million, from SAR 145.6 million in Q3-17.

 

Financial results for the first nine months of 2018 showed SAR 52.3 million net profit, versus SAR 8.6 million net loss in prior-year period.

 
 
 
  Symbol Last Change Chg.%
1.1917
0.0023
0.1913%
1.3384
0.0001
0.0090%
Tadawul
8688.76
21.04
0.24%
23.309
-0.737
3.063%
45.495
2.670
6.235%
48.63
0.73
1.52%
1806.265
-60.245
3.228%
 
 
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