Petrochem realizes earnings up 117.6% year-over-year News from the company



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Petrochem's profits increased 117.6% year-over-year to 288 million NAS, compared with 132.3 million NAS in the same period last year.

Petrochem's profits increased, in the first half of 2018 by 107.2% and rises to 622 million riyals compared to the profits of 300.2 million riyals during the same period of 2017.

The company attributed the increase in profits of the current quarter to the rise in average product prices of the subsidiary "Saudi Polymer Company" and due to lower general and administrative costs

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