The profits of the Saudi Arabian Refineries Company decreased by 305% to reach 7 million riyals in the second quarter of 2020, compared to 10.2 million riyals in the same period last year. < / p>
According to Arabiya Net, the profits of the refineries company in the first half of 2020 amounted to about 5.99 million riyals, compared to 8.9 million riyals in the corresponding period of last year, down 33%.
The company said that the reason for the decrease in profit during the current quarter compared to the same quarter of the previous year is due to the decrease in dividends payable for the first half of 2020 from the Saudi Group Company. For Industrial Investment (an invested company), with an amount of 7,597,240 riyals.
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