The Saudi Sadara Basic Services Company announced the increase in the net losses of its parent company (Sadara Chemicals) to 1.276 billion riyals at the end of the first quarter 2020.
According to ArabiaNet, this increase in losses comes compared to a loss of 1.254 billion riyals achieved during the same period in the year 2019.
The stock's loss in the first quarter of this year (0.36 SAR / share).
Regarding the comparison between the first quarter of this year and the corresponding quarter of the previous year, the company said that the reason for the increase in loss comes with the decrease in sales of all sectors compared to the same quarter. From the previous year.
The company recalled what it recorded during the last quarter of last year, of a decrease in the value of assets amounting to 9.2 billion ﷼ in addition to that there were no significant changes In the results of operating operations during the current quarter compared to the previous quarter.
