Tasnee: Saudi petrochemical maker Tasnee's profit falls 11% despite higher revenues

Thu, 2022-08-04 08:34 RIYADH: National Industrialization Co.'s first-half profits fell 11 percent to SR606 million ($162 million), down from SR684.3 million in the prior-year period, according to a bourse filing, The company said the decline in profit resulted from slower average feedstock and logistics costs and lower average selling prices for some of the products, as well as a decline in the share of profits from joint ventures.Main category: Business & Economy