RIYADH: Saudi Arabian petrochemical firm SABIC Agri-Nutrients Co. saw its profits nearly triple to SR5.53 billion ($1.47 billion) in the first half of 2022, up from SR1.26 billion in the prior-year period.
The homegrown fertilizer producer’s revenue increased by more than triple to SR10 billion, compared to SR3 billion in the same period a year ago, according to a bourse filing.
The firm, which is half-owned by chemical giant SABIC, attributed the profit boost to higher sales and higher selling prices of its products.
