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SAFCO's Profits Exceed SR 850 Million In First Half Of 2007
Saudi Press Agency Published in Saudi Press Agency on 15 - 07 - 2007

The Saudi Arabian Fertilizer Company (SAFCO), an affiliate of the Saudi Basic Industries Corporation (SABIC), reported first half 2007 net profits of SR 850.1 million compared to SR 565.4 million in the same period of 2006, an increase of 50%.
Share profit amounts to SR 4.25 compared to SR 2.83 in the same period of the previous year.
Mohamed Al-Mady, SABIC Vice Chairman & CEO and SAFCO's Chairman and Managing Director said, “SAFCO's first half 2007 operating profits reported SR 820.4 million compared to SR 486.8 million in the same period last year, an increase of 68.5%. This is due SAFCO's 4th Expansion Project.

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