Saudi Arabia’s Tasnee reports Q2 loss following cost increase and sales drop

By Myles McCormick
Published: Monday, 27 July 2015

The Saudi TiO2 producer attributed the results to a combination of lower product sales prices and higher costs.

Saudi 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...

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