Apr 21 2011 |
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Saudi Arabia: Petro Rabigh reports SR698.5m net profit
RIYADH: Rabigh Refining & Petrochemical Company (PetroRabigh) has announced its interim financial results for the period ended March 31.The Q1 net profit is SR698.5 million versus SR271.5 million for the same quarter for the previous year with an increase of 157 percent, and versus SR52.6 million for the previous quarter with an increase of 1,228 percent.
The gross profit for Q1 is SR939.1 million versus SR159.5 million for the same quarter of the previous year with an increase of 489 percent.
Earnings per share during three months are SR0.80 per share, versus SR0.31 per share for the same period of the previous year.
© Arab News 2011
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