Saudi NADEC sees 7 percent net profit increase over 2013

Published January 19th, 2015 - 01:44 GMT
Al Bawaba
Al Bawaba

The National Agricultural Development Company (NADEC) achieved net profits amounting to SR 107 million net profits ($28.5 million) in 2014.

In a statement issued Jan. 18, the Company pointed out that this is an increase of 7 percent in comparison to the year 2013.

It noted that it registered SR 20 million ($5.3 million) net profits in the fourth quarter of the year 2014, pointing out that dividends per share within 3 months amounted to SR 1.53 ($0.41). 

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