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SARCO posts 99% plunge in Q3 profits

SARCO posts 99% plunge in Q3 profits
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SARCO
2030
-0.62% 44.82 -0.28

Riyadh-Mubasher: Saudi Arabian Refinery Co. (SARCO) reported SAR 96.2 million in net earnings during the third quarter of 2015, tumbling 99% compared with SAR 7.2 million a year earlier.

Nine-month net income also decreased 33% year-on-year from SAR 24.5 million to SAR 16.5 million.