Saudi Arabia’s Tasnee reports Q2 loss following cost increase and sales drop
Published: Monday, 27 July 2015
The Saudi TiO2 producer attributed the results to a combination of lower product sales prices and higher costs.
Arabia-based titanium dioxide (TiO2) and
petrochemicals producer National Industrialization
Co. (Tasnee)slid toa
significant net loss in the second quarter of 2015, according
to exchange filings released Monday.
At Saudi riyal (SR)107.7m ($28.7m*), the loss for the three
months ending 30 June 2015 is a substantial slump when...