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FINANCIAL NEWS
Safco’s net profit dropped by 36 percent
22 Oct 2013
(MENAFN) Net profit of Saudi Arabian Fertilizer Co. (Safco) dropped by 36 percent in the last three months to September as sales prices were lower, according to Arab News.
The company’s net profit in the three months reached USD196 million, down from USD290 million last year.
Analysts expect the company to gain an average of USD195.95 million.
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