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Regions :: Middle East :: Saudi Arabia

Saudi Chemical Reports Higher Q2 Profit

2:54 AM MDT | July 11, 2012 | Natasha Alperowicz

Saudi Chemical Co. (SCC; Riyadh), a producer of civil explosives, today reported a 14% rise in second quarter net profit to SR86.7 million ($23.12 million). This compares with SR87.8 million achieved in the first quarter of this year. Operating profit in the second quarter reached SR97.4 million compared with SR84.2 million in the second quarter of 2011. Revenues were not disclosed.   Net income for the first six months of this year amounted to SR174.5 million compared with SR162 million in the prior-year equivalent period. Earnings per share for the six...

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