21 Hrs
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
Sipchem trims Q3 loss
Sahara International Petrochemical Company (“Sipchem”) narrowed its net loss in the third quarter of 2026 by 14.32% to SAR 401.6 million, compared with SAR 468.7 million in the same period of 2025. The improvement was supported by higher average selling prices for its products, despite lower sales, supply-chain challenges and higher prices for some feedstocks. Revenue reached SAR 1,435.1 million, up 66.7% from the previous quarter. Sales volumes rose 156% following the sale of part of the accumulated inventory. Results were also affected by a SAR 171 million impairment charge for a plant and high logistics costs. For the first nine months of the year, the company recorded losses of SAR 1.21 billion, up 173.1% year on year, as lower sales and higher feedstock costs were compounded by provisions of SAR 499 million for investments in associates.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)