Saudi Chemical Second-Quarter Net Increases 1.6% on Higher Sales

15/07/2009 00:00 AST

Saudi Chemical Co., a distributor of pharmaceutical drugs, said second-quarter profit increased 1.6 percent on higher sales in the kingdom.

Net income advanced to 63 million riyals from 62 million riyals in the year-earlier period, the Riyadh-based company said in earnings released to the Saudi bourse Web site today.


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Saudi Chemical reported a fall of 14% in net profit

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Saudi Chemical Co said yesterday its third-quarter net profit fell 14% on year to 46.7mn Saudi riyals ($12.5mn), due to higher operational costs and lower margins.

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