Riyadh – Mubasher: Sadara Chemical Company registered net profits after Zakat and tax worth SAR 2.22 billion in the first half (H1) of 2021, against losses of SAR 2.68 billion in H1-20.

Earnings per share amounted to SAR 0.6 in H1-21, versus a loss per share of SAR 0.78 in H1-20, according to the financial results on Thursday.

Revenues surged by 92.6% to SAR 8.3 billion in the January-June 2021 period from SAR 4.31 billion in the same six months last year.

In the second quarter (Q2) of 2021, Sadara Chemical also turned profitable at SAR 606.26 million, versus losses worth SAR 1.4 billion in Q2-20.

The revenues jumped by 108.9% to SAR 3.88 billion in Q2-21 from SAR 1.86 billion in Q2-20.