21 February 2011 09:25 [Source: ICIS news]
SINGAPORE (ICIS)--Saudi Arabian Fertilizer Co (SAFCO) said on Monday its 2010 net profit surged 79% to Saudi Riyals (SR) 3.24bn ($864m), driven by strong petrochemical prices and higher sales volumes.
Gross income for the period was up 57% to SR2.69bn, while operating profit grew 58% to SR2.62bn, it said in a disclosure to the Saudi Stock Exchange or Tadawul.
The company said that its full-year results also included income from sales of land and buildings in Dammam.
SAFCO did not provide further details on its financial results.
($1 = SR3.75)
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