in this issue
Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Safco's 2012 profits down on lower volumes; Ma'aden begins to re-commission DAP plant
3:57 AM MST | February 18, 2013 | Natasha Alperowicz
Sabic’s subsidiary Saudi Arabian Fertilizer Company (Safco; Jubail, Saudi Arabia) has announced a 6% drop in net profit for full-year 2012. Net profit in the year ended 31 December 2012 reached 3.87 billion Saudi riyals ($1.03 billion) compared with SR4.11 billion in 2011. Earnings per share were SR11.60 compared with SR12.33 in 2011. Safco’s gross profit declined 4.2% to SR3.6 billion while operating profit was SR3.52 billion compared with SR 3.67 billion in 2011. Sales were not disclosed. The decrease in 2012 profits was due to lower sales...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee