Saudi "Sipchem" turns profitable in the second quarter

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Sahara International Petrochemical Company "Sipchem" turned profitable in the second quarter of this year, achieving profits of about 830 million riyals, compared to losses of 99 million riyals in the corresponding quarter of 2020.


The company also achieved semi-annual profits of 1.24 billion riyals, compared to losses of 152 million riyals in the first half of last year.

The company attributed the reasons for the shift to profitability to the increase in revenues as a result of the high selling prices of all its products Sipchem

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