Sipchem’s Q3 profits plunged 60% on lower petrochemical sales

Saudi International Petrochemicals Co’s (Sipchem) Q3 profit fell 60% to 54.7 mln riyals (US$14.59 mln) in the three months to Sept. 30. These figures are vastly reduced as compared with the sales registered in the same period a year ago at SR137 mln riyals. Reduced petrochemical sales due production cuts caused by maintenance work at the plant have been responsible for this downfall. A 25-day halt at the during the third quarter for scheduled maintenance resulted in a decline of sales volumes.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha
Reclamax single step plastic recycling machine

Reclamax single step plastic recycling machine