Riyadh – Mubasher: Saudi Arabian Fertilisers Company (SAFCO) posted a 52% drop in its net profits for the first quarter of the year to SAR 286 million ($76.26 million), down from SAR 590 million ($157.3 million) in the same period last year.
In its statement to the Saudi Stock Exchange (Tadawul), the fertiliser firm said that despite a rise in sales, a decline in the prices of its products was the main factor behind in the drop in net profit.
