National Fertilizer Co. (MOBI) posted a net profit after Zakat and tax of SAR 12.2 million in H1 2021, a rise of 10% compared with SAR 11.1 million a year earlier.
The company attributed the profit growth to a 5% increase in sales and a decrease in losses of bad debts of SAR 1.57 million, as well as lower financing expenses of SAR 347,862.
Shareholders' equity, excluding minority rights, amounted to SAR 66.29 million in H1 2021, compared to SAR 68.75 million in the same period last year.
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