Sadara Chemical narrows FY18 losses by 21%

19/03/2019 Argaam

Sadara Basic Services Co. said its parent company, Sadara Chemical, trimmed net losses by 20.79 percent year-on-year (YoY) to SAR 3.9 billion for FY18, on higher sales

 

FY18 sales stood at SAR 13.12 billion versus SAR 7.48 billion a year earlier.

 

The company widened Q4 2018 losses by more than 175 percent YoY to SAR 1.5 billion. 

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