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Saudi SAFCO registers 9.3 percent growth in net profit  Join our daily free Newsletter

MENAFN - 14/01/2014

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(MENAFN) Saudi Arabian Fertilizer Company (SAFCO) registered USD213.8 million net profit in the fourth quarter of 2013, according to Saudi Gazette.

The company recorded a 9.3 percent quarter-on-quarter growth.

SAFCO's operating profit dropped 2.6 percent quarter-on-quarter, despite a modest 3.2 percent increase in urea prices.

"The drop in operating profit could be either due to slightly lower utilization rates or higher operating costs," said Al Rajhi Capital.

 






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