Riyadh – Mubasher: The net earnings of Saudi Chemical Company soared by 40.7% during the July-September period of the year to reach SAR 18.85 million, compared to SAR 13.4 million in the prior-year quarter.
The rise in quarterly profit was supported by an upswing in sales, coupled with a drop in the provision of trade receivables, general and administrative expenses, and financing costs, according to a stock exchange filing on Sunday.
Revenues for the third quarter (Q3) of this year stood at SAR 811.35 million, an annual growth of 10.08%.
During the period from January to September, the profits increased by 16% on an annual basis to SAR 96.99 million.
