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FINANCIAL NEWS
Saudi Sahara Petrochemicals posts USD14.5m Q2 profit
17 Jul 2012
(MENAFN) Saudi Sahara Petrochemicals Company stated that net profit declined 74 percent in the second quarter to USD14.48 million compared with USD55.7 million in last year’s same period, reported Arab News.
Operational loss reached USD3.52 million, compared with USD36 million profit in 2011’s same quarter.
Moreover, second-quarter gross profit plunged 96 percent to USD1.61 million, from USD42.92 million a year ago.
It is worth noting that second-quarter net profit represented a jump of 29 percent from the USD11.20 million profit posted in the first quarter of the current year.
More News
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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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