Regions :: Middle East
Tasnee, Sahara, Ma'aden, and Nama Chemicals Report Higher Second-Quarter Profits
6:19 AM MDT | July 20, 2011 | Natasha Alperowicz
National Industrialization Co., (Tasnee) reported a 54% increase in second quarter net income to SR594.2 million ($159.1 million) on the year-earlier figure but the result was flat compared with the SR580 million achieved in the first quarter of this year. Gross income for the second quarter reached SF1.85 billion, an increase of 50% compared with the same quarter of last year when gross income reached SR1.2 billion. Operating income in the second quarter was 70% higher at SR1.45 billion. Tasnee’s net income in the first six months of the year was 64% up at...
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