Saudi Kayan reports huge full-year losses

Saudi Kayan (Al Jubail), a Sabic affiliate engaged in the production of specialty chemicals, reported huge losses for the year 2012. Net loss was 772.27 million Saudi riyals ($205.9 million) compared with SR250.25 million in 2011. The per-share loss was SR0.515 compared with SR0.167 for 2011.   Kayan’s gross profit in 2012 was SR151.61 million compared with SR32.44 million in 2011. Operating loss was SR178.84 million compared with a loss of SR56.16 million in 2011. Sales were not disclosed. The company started commercial operations on 1 October...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers