Saudi Kayan Petrochemical Company losses increased by 161.7% during the first quarter of 2020 to reach 516.78 million riyals during the first quarter of 2020, compared to 197.49 million riyals during the same quarter From 2019.
According to ArabiaNet, the company attributed the reason for the increase in the net loss during the current quarter to the lower average selling prices of most of the products and a decrease in the quantities sold as a result of the stoppage of most of the company's factories due to the scheduled periodic maintenance previously announced, in addition to an increase in the average cost of feedstock despite the decrease Finance costs.
