Saudi Arabia's Methanol Chemicals turns into profit of $65m; highest ever

RIYADH: Methanol Chemicals Co. has reported a net profit of SR244 million ($65 million) in 2021, the highest ever since the incorporation of the company. The Saudi firm attributed the rise in profits in 2021 to an increase in the average selling prices, and higher profit margins, following a loss of SR276 million in 2020, according to a bourse statement. Methanol Chemicals now

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