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Saudi's SAFCO Reports 25% Drop in Profits

Source: Reuters 1/15/2017, Location: Middle East

Saudi Arabia Fertilizers Co (SAFCO) beat analyst forecasts but extended its earnings slump, reporting a 25 percent decline in fourth-quarter net profit.

SAFCO, a unit of Saudi Basic Industries Corp (SABIC), made a net profit of 284.5 million Saudi riyals ($75.85 million) in the three months to Dec. 31, down from 379 million riyals in the year-earlier period, it said in a bourse statement.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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