Sabic swings to net loss on lower prices, volumes, impairment charge

Sabic swings to net loss on lower prices, volumes, impairment charge
WESPECH PTE LTD
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07.08.2020

MOSCOW (MRC) -- Sabic swung to a second-quarter net loss of 2.22 billion Saudi riyals (USD587 million) from a net profit of SR2.03 billion in the prior-year period, according to Chemweek.The loss for the three-month period to end-June is mainly attributed to lower average product prices, lower sales volumes, and an impairment charge of SR1.18 billion related primarily to "certain petroche

Full article at mrcplast.com

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