Nama Chemicals narrows Q4 losses by 45%

Riyadh-Mubasher: Nama Chemicals Co. posted net losses of SAR 25.3 million for Q4-15, falling 45% year-on-year from SAR 46 million.

The chemical producer also decreased the 12-month net losses by 34% to SAR 74 million, compared with SAR 112.5 million in 2014.

The company ascribed the loss decline to low costs of some feedstock materials.

   

Mubasher Contribution Time: 20-Jan-2016 13:03 (GMT)