Sadara Sukuk losses widen 4% in Q1

Riyadh – Mubasher: Sadara Sukuk’s losses widened 4.35% to SAR 1.4 billion in the first quarter of 2017 from SAR 1.34 billion in the year-ago period.

The company attributed the increase of losses to startup costs and ramping up integrated facilities, according to a bourse filing on Sunday.

Total sales surged 769.6% to SAR 855.5 million in Q1-17 compared to SAR 98.4 million in Q1-16.

Mubasher Contribution Time: 07-May-2017 15:30 (GMT)
Mubasher Last Update Time: 08-May-2017 07:48 (GMT)