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Source:
الاقتصادية
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Keyan Exceeds Revenue but Loses More
Kayan Saudi Petrochemicals reported a net loss of 673 million riyals in the second quarter of 2026, an increase of 36% compared to the same period, despite a 51% year-over-year rise in the average selling price. Sales volumes declined by 40%, leading to a 10% decrease in revenues to 2 billion riyals, while cost of sales and fixed operating costs increased, resulting in operating losses expanding to 522 million riyals. The results reflect the impact of supply chain disruptions and shipping issues, which elevated transportation costs and reduced delivery capacity, amid ongoing accumulated losses totaling 7.19 billion riyals, representing 47.92% of capital, along with a 22.8% decline in shareholders’ equity.
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