Saudi Kayan Petrochemical Co. turned into profit of $60mln

Reuters Images/Faisal Al Nasser

The company attributed the rise in profit to an increase in the average selling prices of products and a decrease in financing costs

Staff Writer, Arab News

March 8, 2022

PHOTO

RIYADH: Saudi Kayan Petrochemical Co. turned into profit of SR2.3 billion ($60 million), according to a bourse filing.

The company attributed the rise in profit to an increase in the average selling prices of products and a decrease in financing costs.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.