9 Hrs
Source:
الاقتصادية
Source: الاقتصادية
9 Hrsالاقتصادية
Source: الاقتصادية
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Sipchem’s revenue jumped 67% quarter on quarter to SAR 1.44 billion, but the cost of revenue rose by about SAR 577 million to SAR 1.46 billion, exceeding sales and leaving the company with a gross loss. Lower product prices and higher logistics costs, along with impairment provisions on investments in associates, also weighed on results. As a result, the net loss narrowed 32% quarter on quarter to SAR 402 million, but the company did not return to profitability.
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