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SARCO generates SAR 7.2m profit in Q3

SARCO generates SAR 7.2m profit in Q3
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Saudi Arabia Refineries Co. (SARCO) posted SAR 7.2 million net earnings for third quarter of 2014, soaring 469.17% from SAR 1.3 million in Q3 2013 but falling 49.8% from SAR 14.4 million in Q2 2014.
The nine-month net earnings increased 49.67% to SAR 24.5 million, compared with SAR 16.4 million in the year-ago period.
The earnings per share rose from SAR 1.09 to SAR 1.63.