Saudi’s SABIC reports $192m loss for Q4 2019
- Date: 30-Jan-2020
- Source: Gulf Business
- Sector:Industrial
- Country:Saudi Arabia
Saudi’s SABIC reports $192m loss for Q4 2019
The Middle East's biggest chemicals maker posted its first quarterly loss in a decade. The same factors that squeezed prices and profit margins last year are likely to persist in 2020, the state-run company said Wednesday in a stock exchange statement.. Sabic last posted a quarterly loss in the first three months of 2009, when it was struggling to integrate the plastics unit it purchased from General Electric Co..
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