According to the results of the company for the Saudi market (Tadawul) today, Thursday, the losses for the period amounted to 645.82 million riyals, compared to profits of 52.5 million riyals in the first quarter of 2019. p>
The company said in a statement to the Stock Exchange that the shift to loss during the comparison periods is due to carrying out scheduled maintenance work for the units of the second production line of the refinery in the first quarter of 2020.
She explained that the maintenance work referred to had caused lower income in addition to lower refining and petrochemical margins due to market conditions.
The company achieved revenues of 5.61 billion riyals in the first quarter of this year, compared with 10.25 billion riyals for the same quarter of 2019, a decrease of 45.3%. p>
