BRIEF-Nadec Q2 Profit SAR 64.56 Million

NADEC

NADEC

6010.SA

0.00

July 20 (Reuters) - NATIONAL AGRICULTURAL DEVELOPMENT COMPANY SJSC 6010.SE:

  • NADEC Q2 NET PROFIT SAR 64.56 MILLION

  • NADEC Q2 SALES SAR 876.44 MILLION

  • NADEC - QUARTER SAW GROWTH IN THE PROTEIN AND AGRI SECTORS

  • NADEC - QUARTER SAW GROWTH IN PROTEIN AND AGRI BUSINESS HELPED OFFSET A DECREASE IN DAIRY AND FOOD PROCESSING SECTOR BY 3.67%

  • NADEC: EXPECTS TEMPORARY COST PRESSURES EXPERIENCED DURING REPORTING PERIOD TO MODERATE AS REGIONAL OPERATING ENVIRONMENT NORMALIZES

  • NADEC - QUARTER SAW COST OF SALES AS A PERCENTAGE OF REVENUE INCREASED BY 9.24%

  • NADEC - QUARTER SAW SELLING AND MARKETING EXPENSES INCREASED BY 5.42%

  • NADEC - QUARTER SAW OTHER EXPENSES INCREASED BY SAR 7.84 MILLION

  • NADEC - QUARTER SAW TREASURY INCOME DECREASED BY SAR 9.19 MILLION

  • NADEC: Q2 CAPEX 225.36 MILLION SAR

  • NADEC - QUARTER SAW A NON-RECURRING GAIN OF SAR 32.84 MLIN FROM REVERSAL OF IMPAIRMENT LOSSES

Source text: ID:nSSE6wQ3j5

Further company coverage: 6010.SE


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