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Saudi Kayan Petrochemical's H1 Net Loss Inches Up; Revenue Down

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Saudi Kayan Petrochemical (SASE:2350) said Wednesday that its net loss for the first half increased, while revenue declined year over year.

Net loss attributable to shareholders of the issuer for the six months ended June 30 was 1.29 billion Saudi riyals, compared with a net loss of 1.27 billion riyals a year ago. Loss per share moved to 0.86 riyal from 0.85 riyal.

The Saudi Arabia-listed chemical and polymer manufacturer's revenue was 3.50 billion riyals, compared with 4.29 billion riyals earlier.

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