Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

Saudi Sahara’s net profit drops drastically in Q2

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/07/2015 (11:32)
Saudi Arabia’s Sahara Petrochemicals Company announced their financial results for the second quarter of 2015, according to market sources.

Sahara’s net income declined 93.8% from a year earlier to SAR 11.4 million ($3.04 million) in the April-June period. According to a report released by Saudi Fransi Capital, Sahara’s net profit was forecasted at SAR46 million ($12.3 million).

The company cited planned maintenance of around a month at plants run by its subsidiaries Al Waha Petrochemical Co. and Sahara and Maaden Petrochemical Co. (SAMAPCO) as the main reason for the slump in profits.
Free Trial
Member Login