in this issue
Regions :: Middle East :: Saudi Arabia
Sipchem, Tasnee report lower first-quarter profits; Alujain records loss on extended shutdown
9:24 AM MDT | April 23, 2013 | Natasha Alperowicz
More Saudi chemical producers have reported first-quarter results, which were mostly lower than in the corresponding period of last year. Saudi International Petrochemical Co. (Sipchem) reports a 57.5% decline in net profit, to 64.5 million Saudi riyals ($17.2 million). The result was also 59% lower than in the fourth quarter of 2012. Sales have not been disclosed. Operating profit in the first quarter was more than 50% down, at SR149.7 million. Earnings per share during the quarter were SR0.18 compared with SR0.41 in the first quarter of 2012. Sipchem cites...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee