Riyadh-Mubasher: Sahara Petrochemicals Co. posted net losses of SAR 48 million for the fourth quarter of 2015, against earnings of SAR 83 million in the corresponding period a year ago.
The petrochemical producer recorded net earnings of SAR 35 million in the 12-month period, a decline of 91% year-on-year from SAR 385 million.
The company attributed Q4 losses and full-year profit fall to decline in demand and prices of the products that entered commercial operations since 2014.
