Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) moved to losses during the third quarter of 2019, suffering SAR 828,335.
For the first nine months of 2019, SARCO’s net profits jumped by 56.6% to SAR 8.12 million, compared to SAR 5.18 million in the same period of the previous year, according to a bourse statement on Wednesday.
Revenues of the Saudi-based firm rose by 37.14% to SAR 10.3 million during the nine-month period between January and September, from SAR 7.56 million in the corresponding period of 2018.
Profit per share recorded SAR 0.54 in nine months, versus SAR 0.35 in the same period last year.
