Saudi Kayan swings to loss in full year, widens fourth-quarter loss

Saudi Kayan swings to loss in full year, widens fourth-quarter loss
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27.01.2020

MOSCOW (MRC) -- Saudi Kayan, a Sabic affiliate, has reported an increase in net loss in the fourth quarter of 2019, citing lower average selling prices, which could not be compensated for by lower average feedstock costs, reported Chemweek. Fourth-quarter net loss rose to SR167.41 million (USD44.61 million) from a loss of SR110.90 million. Sales were down 14.26% at SR2.259 billion.В Kaya

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