Sahara International Petrochemical Company (Sipchem) had showcased at the 15th Annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum over 15 chemical and polymer products that are distributed to more than 40 countries.
Sahara International Petrochemical Company (Sipchem) had showcased at the 15th Annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum over 15 chemical and polymer products that are distributed to more than 40 countries.
RIYADH: Share prices of the major players in the Saudi stock market rose for a third consecutive day as omicron-related imbalances eased. Sadr Logistics came on top of the biggest gainers, up almost 10 percent to SR94.8 ($25.26), which marks an all-time record for the company. Biggest moving stocks of the day also include Wafrah for Industry and Development Co., National
Saudi petrochemical group Sipchem has recorded solid performance for Q3, posting SR1.03 billion ($274 million) net profit compared to SR10 million last year. For the nine-month period, it s net profit surged to SR2.3 billion from a loss of SR142 million.
DUBAI: Sadara Chemical Company reported a surge in profit in the first quarter as the price of its products increased and it booked a sizeable gain from the restructuring of its debts.
First quarter total comprehensive income rose to SR2.04 billion ($544 million) compared with a loss of SR2.24 billion in the year-earlier period and a profit of SR109 million in the fourth quarter of 2020, Sadara said in a filing to the Tadawul.
Revenue increased 80 percent year on year and 31 percent from the previous quarter to SR4.42 billion. Profit per share was SR0.44, compared with a loss of SR0.37 a year earlier.