The Saudi chemical company achieved a growth of 40.6% in its third quarter 2020 profits to reach 18.8 million riyals, compared to 13.4 million riyals, in the same period last year. < / p>
According to Arabiya Net, profits fell by 53%, compared to those achieved in the previous quarter, which were 40.1 million riyals.
During the first nine months of 2020, the chemical achieved profits of 97 million riyals, compared to 83.6 million riyals, in the corresponding period last year, with a growth of 16%.
The company said that the increase in net profits during the third quarter of 2020, compared to the third quarter of 2019, is due to increased sales and a decrease in the provision for declining trade receivables, general and administrative expenses and costs Funding.
