Saudi Chemical Company (SCC) announced earnings results for the year 2014. The company reported that its net profit for 2014 declined to SAR 283.6 million (USD 75.5 million/EUR 65.4 million) from SAR 300.6 million a year earlier. Earnings per share stood at SAR 4.48, versus SAR 4.75.

The company explained that the 2013 figure includes an extraordinary gain of SAR 15.4 million from the sale of an administrative building. For the last quarter of 2014, SCC registered a net profit of SAR 66.5 million, down from SAR 74.7 million in the same period a year earlier.