Saudi Chemical Slumps Most in 2 Months After Quarterly Net Drops
Saudi Chemical Co. (SCCO) fell the most in almost two months after the trader and manufacturer of pharmaceutical products said quarterly profit declined 14 percent as costs rose.
The shares slumped 6.1 percent, the most since Aug. 9, to 38.2 riyals at 11:46 a.m. in Riyadh.
Third-quarter profit decreased to 46.7 million riyals ($12.5 million) from 54.2 million riyals the year earlier.
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