SAFCO

SAFCO reports 7.8% Q2 profit drop

: Wednesday, July 16 - 2014 @ 00:10

Saudi Arabian Fertiliser Co (Safco), part of Saudi Basic Industries Corp (Sabic), has reported a 7.8% fall in second-quarter net profit, its fifth-straight decline in quarterly earnings, after higher sales failed to make up for lower prices, Reuters has reported. Safco said it made SR639m ($170.4m) in the quarter, compared with SR693m in the same period last year.

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Wednesday, July 16- 2014 @ 0:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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