(MENAFN) Saudi Arabian Fertilizer Co (SAFCO) has posted a drop in quarterly earnings for the fifth time in a row on Sunday as the second quarter"s net profit fell by 7.8 percent, according to Arabian Business.
SAFCO said that its net profit was estimated at USD170.4 million in the second quarter compared to USD184.74 million in the same quarter 2013.
A group of nine analysts polled by Reuters had forecast on average that SAFCO would make USD183.73 million in the quarter.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.