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Sarco profit rises sixfold
- Saudi Arabia: Tuesday, August 19 - 2008 at 12:54
Saudi Arabian Refinery, a Saudi company investing in oil refineries and fuel distribution, has reported that its first-quarter profit rose more than sixfold on investment gains, reported Bloomberg. Net income in the fiscal first quarter ended July 31 rose to 7.1 million riyals ($1.9m), or 1.19 riyals a share, from 1.1 million riyals, or 0.184 riyal, a year earlier.
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Jeff Florian, Senior ReporterTuesday, August 19 - 2008 at 12:54 UAE local time (GMT+4)
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