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SAFCO fetches highest-ever profits of SR 2.2 billion in 2007
Saudi Press Agency Published in Saudi Press Agency on 18 - 01 - 2008

The Saudi Arabian Fertilizer Company (SAFCO), an affiliate of Saudi Basic Industries Corporation (SABIC) reported its highest-ever profits for its operations during 2007, amounting to SR 2.2 billion compared to SR 1.15 billion in 2006, an increase of 92 percent.
According to unaudited preliminary results, SAFCO's operating profits amount to SR 2.12 billion, an increase of 115 percent over 2006's operating profits of SR 998.4 million.
Mohamad Al-Mady, SAFCO Chairman and Managing Director said, “These are the highest profits achieved by the company since its inception - an increase in profit per share to SR 11.04 compared to SR 5.76 last year.”
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