Sadara Chemical trims losses to SAR 2.4 bln in 9M 2018

08/11/2018 Argaam

 

Sadara Chemical Company, the parent company of Sadara Basic Services Co., trimmed its losses to SAR 2.4 billion in the first nine months of 2018 as compared to a net loss of SAR 4.3 billion a year earlier, on the back of strong sales.

 

Third quarter net losses shrank by 10.58 percent YoY to SAR 1.19 billion, driven by higher sales volumes.

 

When compared to the previous quarter, net losses widened by 85.3 percent on lower sales volumes.

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