Saudi Arabian Fertilizers Co has said that a factory maintenance shutdown that cut output more than expected had caused its fourth-quarter net profit to drop by almost 30%, its lowest level in almost three years, Reuters has reported. Safco's net profit for the period amounted to SR376m, compared with SR536m a year earlier. The firm's net profit for 2009 was the lowest since 2006 at SR1.85bn, or SR7.38 per share down from SR17.1 per share in 2008.
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