Saudi Chemical posts 13% lower profits in H1

Revenues increased by 12.78%

  
A Saudi trader casts a shadow as he monitors stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. Image used for illustrative purpose

A Saudi trader casts a shadow as he monitors stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. Image used for illustrative purpose

REUTERS/Ahmed Yosri
 
Riyadh – Mubasher: Saudi Chemical Company achieved net profits after Zakat and tax worth SAR 68.1 million in the first half (H1) of 2021, down 12.8% from SAR 78.14 million in H1-20.

Earnings per share stood at SAR 0.81 in H1-21, compared to SAR 0.93 in H1-20, according to the financial results on Sunday.

Revenues increased by 12.78% to SAR 1.86 billion in the first six months of 2021 from SAR 1.65 billion in the same period last year.

In the second quarter (Q2) of 2021, Saudi Chemical logged 32% lower profits at SAR 27.26 million, compared to SAR 40.17 million in Q2-20.

Revenues grew by 4.7% to SAR 899.91 million in Q1-21 from SAR 858.72 million in Q2-20.

Source: Mubasher

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