The financial data of the Saudi Chemical Holding Company showed that the company's profits in the first half of this year increased by 11.3% on an annual basis.
According to the company's results for the Saudi market (Tadawul) today, Sunday, the profits for the period amounted to 78.14 million riyals, compared to profits of 70.19 million riyals for the first half of 2019.
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The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods is due to the increase in sales, the decrease in general and administrative expenses, financing costs and zakat expense.
The company achieved profits of 40.17 million riyals in the second quarter of this year, compared to profits of 30.89 million riyals in the same period last year, an increase of 30%.
(Amazon Fun Knowledge)
