According to a bourse filing on the Saudi Stock Exchange Tadawul on May 2, 2023, the reason for the net loss compared to the same quarter of the last year is due to a decrease in the average selling prices of products and a decrease in sold products due to the scheduled periodic maintenance for some plants that was previously announced in 18 January 2023, in addition to increase in financing costs despite of decrease in the average cost of feedstock.
The reason for decrease the net loss compared to the previous quarter of the current year is due to an increase in the average selling prices of products, despite to increase in the average cost of feedstock and an increase in financing costs in addition to decrease in sold products due to the scheduled periodic maintenance for some plants that was previously announced in 18 January 2023
Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Tags: All Chemicals,All Products,AlwaysFree,English,Middle East,Saudi Arabia
Published on May 23, 2023 11:11 AM (GMT+8)Last Updated on May 23, 2023 11:11 AM (GMT+8)
