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FINANCIAL NEWS
Saudi SAFCO registers 30 percent drop in Q4
13 Jan 2014
(MENAFN) Net profit of Saudi Arabian Fertiliser Co. (SAFCO) saw a significant drop of 30 percent in the last three months of 2013, according to Arab News.
The drop in its main products’ prices was considered as the main reason behind the drop in profits.
SAFCO recorded a USD214 million net profit during the quarter, compared to USD305 million during the same period in 2012.
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