21 February 2011 08:39 [Source: ICIS news]
SINGAPORE (ICIS)--Saudi Arabia’s NAMA Chemicals said on Monday it recorded Saudi Riyals (SR) 34.5m ($9.2m) in net profit last year, reversing a loss of SR49.8m in 2009, as sales volumes and prices had improved.
Its gross profit surged by SR112m in 2010 from SR11m in the previous year, the company said in a statement to the Saudi Stock Exchange (Tadawul).
NAMA Chemicals generated SR44.8m in operating profit last year, a complete reversal of the SR44.5m loss in 2009, the company said.
($1 = SR3.75)
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