Nama Chemical’s accumulated losses fall to 12% of capital

09/05/2018 Argaam

 

Nama Chemical Co. announced that its accumulated losses have dropped to 11.56 percent of capital at the end of Q1 2018 versus 24 percent by end of 2017.

 

The company's accumulated losses stood at about SAR 27.2 million, mainly due to an improved performance in Q1, resulting from increased sales volumes. 
 

The company said it has been implementing a cost cutting program that led to a decrease in selling, marketing and financial expenses.

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