Riyadh – Mubasher: Nama Chemicals Company on Tuesday reported turning a profit during 2018, against suffering losses in 2017.
The firm’s net profits after calculating Zakat and Tax amounted to SAR 35.3 million ($9.41 million) last year, against SAR 1.52 million ($405,000) in losses during 2017, according to a bourse filing.
Nama Chemicals attributed the positive turn in 2018 financials to a rise in the average of selling prices, coupled with lower selling and marketing expenses.
The Tadawul-listed firm suffered a net loss of SAR 17 million from October to December 2018, against SAR 7.11 million in profits during Q4-17, according to data compiled by Mubasher.
Nama Chemicals Company’s stock levelled up 1.32% to end Tuesday's trading session at SAR 26.80.
