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Saudi Sahara’s net profit drops in Q3

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/10/2016 (14:08)
Saudi Arabia’s Sahara Petrochemicals Company announced their financial results for the third quarter of 2016, according to market sources. It is reported that the company’s sales decreased 16% in the third quarter.

Sahara’s net profit declined 13% from a year earlier to SAR 105.3 million ($28 million) in the July-September period due to decreasing sales and rising expenses.
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