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Saudi traders monitor the stock in Riyadh. Reuters, Zainal Abd Halim Image used for illustrative purpose.
Riyadh: Saudi Kayan Petrochemical Company reported accumulated losses of SAR 5.33 billion, equivalent to 35.59% of its SAR 15 billion share capital, according to unaudited financial results for May 2025.
The losses were attributed to declining profit margins, driven by a drop in average product prices amid sluggish global economic growth and rising input costs.
The Tadawul-listed company is working to boost production efficiency and cut operational costs through a series of ongoing initiatives aimed at enhancing financial performance.
Meanwhile, the group will adhere to the Capital Market Authority (CMA) regulations for firms with losses exceeding 20% of capital.
In the first three months (3M) of 2025, Saudi Kayan suffered 35.65% higher net losses at SAR 775.78 million, compared with SAR 571.86 million in the same period a year earlier.
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