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1. The net profit for the second quarter was 87.7 million Saudi Riyals against 510.6 thousand Saudi Riyals for the corresponding quarter of last year with a 17,062 % increase and against 81.2 million Riyals for the previous quarter with 8 % increase.
2. The gross profit for the second quarter was 189.1 million Saudi Riyals against 25.1 million Saudi Riyals for the corresponding quarter of last year with a 653.3% increase.
3. The operational profit for the second quarter was 172.3 million Saudi Riyals against 8.3 million Saudi Riyals for the corresponding quarter of the last year with 1, 976 % increase.
4. The total net profit for the six months was 168.9 million Saudi Riyals against 29.7 million Saudi Riyals for the corresponding period of the last year with a 468.7% increase.
5. The Earnings Per Share during the six months was 0.51 Saudi Riyals against 0.09 Saudi Riyals for the corresponding period of the previous year.
6. The total profit for the six months was 337. 9 million Saudi Riyals against 47.9 million Saudi Riyals for the corresponding period of the previous year with a 605.4% increase.
7. The total operational profit during the six months was 306.9 million Saudi Riyals against 13.9 million Saudi Riyals for the corresponding period of the last year with a 2,108 % increase.
The increase in the results of the period and the second quarter compared with the corresponding period of last year was mainly due to the increased production and sales of methanol and butanediol and the improvement of the products prices. In addition to that, the company continued the implementation of its plan to improve its operations and regulate expenditures.
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