17 July 2012 04:47 [Source: ICIS news]
It incurred an operating loss of SR13.2m in the three months to June 2012, a sharp reversal of the SR135m profit made in the same period last year, the company said in a filing to the Saudi Stock Exchange or Tadawul late on Monday.
Financial performance in the second quarter was also affected by a scheduled plant turnaround at its affiliate Al-Waha Petrochemical that led to lower production volume and sale,
Al-Waha is a 75:25 joint venture between
In the first six months of the year,
The company swung to an operating loss of SR71m in January-June 2012 from a profit of SR131m in the previous corresponding period,
($1 = SR3.75)
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