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Safco doubles Q1 profit, $63m
- Saudi Arabia: Wednesday, April 13 - 2005 at 15:05
Saudi Basic Industries Corporation subsidiary Saudi Arabian Fertiliser Company said it doubled Q1 profits on increased sales volume and prices, but predicted prices were unlikely to rise further. Sales volumes grew 30% and urea prices increased by 29%, said Safco Chairman Mohammed Al Mady.
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Peter J. CooperWednesday, April 13 - 2005 at 15:05 UAE local time (GMT+4)
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