Riyadh - Mubasher: National Petrochemical Co. (Petrochem) on Thursday posted a net profit of SAR 208.6 million ($55.6 million) in the second quarter of 2016, down 32% year-on-year from SAR 305.4 million ($81.4 million).
On the other hand, the Saudi-listed company’s quarter-on-quarter results showed a profit increase of 71% on an improvement in average profit margin from sales, according to a bourse filing.
The petrochemical company also reported a net profit of SAR 331 million ($88.24 million) in the first six months of 2016, registering a decline of 19% from SAR 407.3 million ($108.59 million) in H1-15.
