in this issue
Regions :: Middle East :: Saudi Arabia
Tasnee net income slides on low TiO2 demand
8:58 AM MDT | October 17, 2012 | Natasha Alperowicz
Tasnee today reported a drop of 42.4% in third-quarter net income, to SR417.3 million ($111.3 million), and a 28% decline compared with the second quarter, when the company reported net income of SR580.1 million. Gross income in the third quarter was SR1.33 billion, a decline of 32.1%. Income from operations in the third quarter was down 39.3%, to SR963.1 million. Tasnee cites lower volumes and prices in the titanium dioxide (TiO2) sector, due mainly to low international...
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