The National Chemical Fertilizers Manufacturing Company (MOBI) achieved a profit growth of 10.4%, reaching 12.2 million riyals in the first half of 2021, compared to 11 million riyals during the same period last year.
According to Arabia Net, revenues increased by 5% to 100.985 million riyals, compared to 96 million riyals during the first half of 2020.
The company attributed the increase in profits to an increase in sales, a decrease in losses in receivables by 1.57 million riyals, and a decrease in financing expenses by 347,862 riyals.
The shares of the National Chemical Fertilizer Industry Company were listed in Nomu - Saudi Parallel Market as of Wednesday, July 28, 2021.
Alujain Holding Company had announced in July 2020, the cancellation of the memorandum of understanding signed on July 4, 2019, to acquire the National Chemical Fertilizer Industry Company to acquire it.< /p>
