The profits of Saudi Arabian Fertilizers Company (SAFCO) in the first quarter of this year rose 41.4% to 335.5 million riyals ($ 89.5 million); compared to 237.2 million riyals ( $ 63.3 million) for the same period last year.

The company said in a statement to the Saudi market that the higher profits are due to lower expenses in the cost of sales and general and administrative expenses as a result of the company during the corresponding quarter of the process of restructuring the administrative organization Which was accompanied by a rise in those costs at the time.

She added that the first quarter of 2019 witnessed a slight increase in the selling prices of the company's products, which was offset by a decrease in the quantities sold as a result of the company implementing the reliability project of the SAFCO 3 plant, which was announced Previously.

The company's results in the Saudi market showed that sales declined during the period from 810.8 million riyals to 718.7 million riyals, a decrease of 12.8%.

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