Sabic net loss widens on lower prices, demand amid COVID-19

Sabic net loss widens on lower prices, demand amid COVID-19
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19.05.2020

MOSCOW (MRC) -- Sabic (Riyadh)В has announced its financial results for the first quarter, reporting a net loss of 950 million Saudi riyals (USD250 million), according to Chemweek.This compares with a net profit of SR3.41 billion in the year-earlier quarter and a net loss of SR790 million in the fourth quarter of 2019. The net loss is mainly attributed to lower average selling prices and

Full article at mrcplast.com

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