Sipchem turns to loss of SAR 152 mln in H1 2020

MOSCOW (MRC) -- Sahara International Petrochemical Co. (Sipchem) reported a net loss after Zakat and tax of SAR 151.8 million for the first half of 2020, compared to a net profit of SAR 325.6 million in the year-earlier period, said the company.The loss was driven by lower netbacks on most products, a decline in sales volumes of acetic acid, vinyl acetate monomer, ethyl acetate and carbon

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