153.0000
Change
1.2000
Change %
0.7905%
Open
151.8000
Close
153.0000
High
154.0000
Low
151.6000

SAFCO Q4 profit surges 809.5% to SAR 568.5 million

2019-01-21 15:22:53 GMT (Economies.com)
 

Saudi Arabian Fertilizer Co. (SAFCO) on Monday reported a surge by 809.5% in  net profit for the fourth quarter of 2018 to SAR 568.5 million, compared with SAR 62.5 million in prior-year period.

 

Q4 operating profit amounted to SAR 574.1 million, compared with SAR 50.8 million in the year-ago period.

 

The company ascribed the profit rise to an increase in sold quantities and a rise in average sale prices.

 

The company posted SAR 522.24 million net profit for the third quarter of 2018, compared with SAR188.4 million net profit in the year-ago period.

Net profit for the first nine months of 2018 amounted to SAR 1.2 billion, up from SAR 816.1 million net profit in the corresponding period of 2017.

 
 
 
  Symbol Last Change Chg.%
1.1738
0.0024
0.2010%
1.3720
0.0044
0.3181%
Tadawul
11270.57
-40.58
0.36%
22.718
0.417
1.872%
73.483
2.550
3.595%
77.51
0.22
0.28%
1754.925
-1.880
0.107%
 
 
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