Sabic posts loss due to lower selling prices and impairment provisions
- Date: 08-Aug-2020
- Source: The National
- Sector:Industrial
- Country:Saudi Arabia
Sabic posts loss due to lower selling prices and impairment provisions
Sabic, the region's biggest petrochemicals firm, reported its third consecutive quarterly loss on the back of lower selling prices for its products and impairment provisions on certain assets.
The company registered a net loss