Middle East Economic Survey
VOL. LII
No 42
19-Oct-2009
SAUDI ARABIA
SAFCO Sees Stock Price Fall As 3Q Profit Plunges
Saudi Arabian Fertilizers Company (SAFCO) announced on 10 October an almost 75% drop in its third quarter net profit, citing lower global prices and increased regional competition. The firm made SR464mn ($123.7mn) in 3Q09, compared with SR1.83bn ($0.49bn) during the same period in 2008. This drop marks the fourth consecutive quarterly decline for the firm, of which Saudi Basic...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!