Saudi Kayan swings to Q4 net loss

14/01/2016 10:33 AST

Saudi Kayan Petrochemical Co. swung to a net loss in the fourth-quarter, it reported on Thursday.

The company, an affiliate of Saudi Basic Industries Corp (SABIC), made a net loss of 624.14 million riyals ($166.3 million) in the three months to Dec. 31, it said in a bourse statement.

This compares with a profit of 11.78 million riyals in the same period of 2014. ($1 = 3.7538 riyals)


Reuters

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