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Sipchem’s Diol plant to shut down for scheduled maintenance

2019-01-15 13:39:46 GMT (Economies.com)
 

Saudi International Petrochemical Co. (Sipchem) announced, in a bourse statement, it plans a 41-day shutdown of the plant owned by its subsidiary International Diol Co. for scheduled maintenance.

 

The shutdown will start from January 15, 2019.

 

Sipchem earlier posted an increase by 48.3% year-on-year in net profit for the third quarter of 2018, to SAR 180.3 million net profit, compared with SAR 121.6 million net profit during the corresponding period in 2017.

 

Meanwhile, net profit for the first nine months of 2018 amounted to SAR 543 million, compared with SAR 273 million in the prior-year period. The nine-month revenues increased to SAR 4 billion, from SAR 3.2 billion, a rise of 25.8%. 

 
 
 
  Symbol Last Change Chg.%
1.1606
-0.0005
0.0409%
1.3754
0.0015
0.1059%
Tadawul
11855.87
9.94
0.08%
24.418
1.105
4.738%
84.791
1.445
1.734%
86.28
0.73
0.85%
1801.680
31.940
1.805%
 
 
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