Bloomberg News

Tasnee Third-Quarter Net Doubles on Unit Income, Higher Sales

October 19, 2011

Oct. 19 (Bloomberg) -- National Industrialization Co., the Saudi petrochemicals maker known as Tasnee, said third-quarter profit almost doubled because of revenue from subsidiaries and as product prices rose.

Net income climbed to 725 million riyals from 373 million riyals a year earlier, the company said in a statement to the Saudi bourse today.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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