According to Arab Net, SABIC nutrition nutrition rose 80.8% on a quarterly basis compared to a net profit of SAR 234 million in the fourth quarter of 2020.
The company said in a statement on Saudi trading on Wednesday that the cause of net profit rose during the first quarter compared to the same quarter of the previous year returns to the high quantities sold for the company's products, and the highest selling prices for the company's products.
He added that an end of this rise, an increase in slow-motion and residents of SAR 182 million, including SABIC's share for agricultural nutrients amounted to 171 million riyals, as well as a custom zakat and income tax.
The company's sales worth 106.9% in the first quarter of 2021, rose to 1.506 billion riyals, compared to SR 728 million in the same quarter.
The net profit of the company after Zakat and the tax, fell by 12.2% in 2020, reaching 1.29 billion riyals after zakat and tax, compared to 1.47 billion riyals in 2019.
