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Safco profits down 0.8%

Saudi Arabian Fertilisers Co (Safco), a unit of Saudi Basic Industries Corp (Sabic), has said its second quarter net profit fell 0.8% to SR784m ($209m), compared with SR790m during the same period a year earlier, Reuters has reported. The firm attributed the decline in net profit to lower sales resulting from lower production levels after maintenance work on some of its units.