The financial statements of SABIC Agri-Nutrients Company showed an increase in the company's profits in the first half of this year by 89.8% year on year.
According to the company's results for the Saudi market (Tadawul), today, Tuesday, the profits for the period amounted to 1.26 billion riyals, compared to the profits of the same period last year, which amounted to 663.3 million riyals.< /p>
The company's profits jumped in the second quarter of this year by 132.4%; To reach 836.13 million riyals, compared to 359.8 million riyals, profits for the same period of 2020.
The company said in a statement to the stock exchange that the increase in profits during the comparison periods is due to the increase in the average selling prices of the company's products; This is despite the increase in the provision for zakat and income tax.
The company's profits rose by 39.1% in the first quarter of this year; To reach 422.58 million riyals, compared to about 304 million riyals in the same period last year.
