Saudi Kayan swings to Q2 2021 net profit on lower feedstock costs
02.08.2021
MOSCOW (MRC) -- Saudi Kayan Petrochemical Co., an affiliate of Saudi Basic Industries Corp (SABIC), swung to a net profit in the second quarter, ending a run of five straight quarterly losses, benefiting from low feedstock costs, reported Reuters.The company made a net profit of 91.02 million riyals (USD24.27 million) in the three months to June 30, it said in a bourse statement. This com