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FINANCIAL NEWS
Saudi SAFCO reports USD305.2m profit in Q4
13 Jan 2013
(MENAFN) Saudi Arabian Fertilisers Company (SAFCO) reported a 10.3 percent drop in quarterly earnings on lower Urea prices, Reuters reported.
The affiliate of Saudi Arabia Basic Industries Corp (Sabic) said it made USD305.2 million net profit during the fourth quarter ended December 31, down from USD340.1 million a year earlier.
Operating profit for the period also declined by 7 percent to USD266.3 million from USD292.93 million a year ago, the company said.
Another reason for the weaker quarterly results was lower sales volume owing to factory maintenance.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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