NlC's Profits Slump in 1987
The National Industrialization Company (NIC) of Saudi Arabia has reported asharp fall in profits to SR2.03mn ($541,333) for the year 1987 from SR43.3mn($11.5mn) posted in its first financial year of operation which covered theperiod May 1985 to December 1986 (MEES, 11 May 1987). Total revenues in 1987fell to SR20.8mn from SR64.3mn in the financial year ending in December 1986,while total expenditures also declined to SR15mn in...
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