OREANDA-NEWS. October 18, 2012. Saudi Arabia Fertilizer Company (SAFCO) announced the interim financial results ended 30/09/2012 as followed:

1. 3Q Net Income SAR (1,149) million against SAR (1,211) million for the same quarter of previous year with 5.11% decrease, and against SAR( 784) million for the previous quarter with 46.55 % increase.

2. 3Q Gross Income SAR (1,064) million against SAR (1,084) million for the same quarter of previous year with 1.84 % decrease.

3.3Q Operating Income SAR (1,040) million against SAR (1,062) million for the same quarter of previous year with 2.07 % decrease.

4. Net Income SAR (2,720) million during 9 months against SAR (2,833) million for the same period of previous year with 3.98 % decrease.

5. Earnings per share SAR (10.88) during 9 months against SAR (11.33) for the same period of previous year.

6. Gross Income SAR (2,561) million during 9 months against SAR (2,637) million for the same period of previous year with 2.88 % decrease.

7. Operating Income SAR (2,501) million during 9 months against SAR (2,576) million for the same period of previous year with 2.91 % decrease.

8. The increase in 2012 3Q net income against 2012 2Q net income was due to the increase of production and sales quantity as a result from end of the shutdown announced in the result of 2Q 2012. The decrease in 3Q net income against 2011 3Q net income was due to the decrease of the average price of Urea product although of the increase of the production and sales quantity.