The Saudi Chemical Holding Company achieved an increase of 7.53%, with net profit after Zakat and the tax 40.83 million riyals in the first quarter of 2021, for about 37.97 million riyals earnings for the first quarter of 2020.
According to Arab Net, the company has achieved losses of about 22.96 million riyals in the fourth quarter of 2020.
The chemical said in a statement on Saudi trading on Wednesday that the reason for the rise in net profit in the first quarter of this year was on an annual year, mainly due to improving performance, high sales of pharmaceuticals and civil explosives, and the decline in public and administrative expenses despite the higher Zakat and expenses Sales and marketing.
The company's sales rose by 21.25% in the first quarter of 2021 to SR 969.46 million, compared to SR 799.58 million.
The net profit of the Saudi Chemical Holding, rose 124% in 2020, to 74 million riyals, compared to SR 33 million during 2019.
