RIYADH, Mar 20 (Arab News): Saudi Chemical Co. has seen a 5-per cent drop in profit in 2021 as its cost of revenue soared despite the company making a reduction in general expenses.
The Saudi-listed firm's net profit dropped to SR70 million ($18.6 million) from SR74 million a year earlier, according to a bourse filing.
The company's profit took a hit on account of a 3-percent rise in the cost of revenue and expected credit loss on trade receivables provision.
Saudi Chemical Co’s profit drops
FE Team | Published: March 20, 2022 23:42:49
Saudi Chemical Co’s profit drops
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