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English news

20-Jan-2016

Chemanol 4Q2015 first glance: Losses widen to alarming levels on rising provision charges and weak operations, miss estimates

Net loss – SAR60.2 million, versus SAR18.2 million losses during 4Q2014, SAR43 million in losses in 3Q2015, and way below EFGe SAR27.3 million loss estimate Revenues – SAR166 million, -21% Y-o-Y, -5% Q-o-Q, -1% versus EFGe Gross

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