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Regions :: Middle East

More Saudi Firms Report Results: Sahara Net Profits Plummet, Tasnee Flat, Ma'aden Up

4:38 AM MDT | July 17, 2012 | Natasha Alperowicz

Sahara Petrochemicals Co. reported second quarter net profits tumbling to SR54.32 million ($14.49 million) compared with SR209 million in the same period in 2011. Net profit was up 29%, however, compared with the first quarter of this year. Sahara reported an operating loss of SR13.23 million in the second quarter compared with a profit of SR135 million in the same period in 2011. Net profit for the first six month reached SR96.25 million compared with SR 309 million in the same period of the preceding year. Earnings per share for the six months of 2012 reached...

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