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FINANCIAL NEWS
Saudi Sipchem suffers 55% net loss in Q2
28 Jul 2015
(MENAFN) Saudi International Petrochemical Co. (Sipchem), records 55 percent profit loss in the second quarter, Arab News reported.
According to a report, the International Petrochemical net loss is attributed to plant closures and reduced product sales prices.
Sipchem earned a profit of USD29.4 million in the second quarter, falling from USD65.2 million in the same quarter in the previous year.
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