“Spick” turns to a loss of 169.2 million riyals in the second quarter of 2025
The International Desert Petrochemical Company has turned "Spicker" For the loss in the second quarter of 2025, a net loss of 169.2 million riyals, compared to profits of 121.5 million riyals in the same quarter of last year. A decrease in the prices of selling some company’s products. And the high prices of the values of natural gas and ethane, which led to a decrease in the total profit. This is mainly due to the result of the loss resulting from a decrease in the value of an investment in a colleague company for 171 million riyals. "Trading". Specim), as it was previously announced in Tadawul. Real. From the previous year, despite the increase in revenues, which is mainly due to the increase in the quantities sold, it is subject to a decrease in the prices of selling some company’s products as well as an increase in the prices of the values (natural gas, ethane, and ethylene). Advertisement in advance in trading, in a decrease in the total profit. "Trading"Which contributed to the increase in the SBCHEM share of the profits of associate companies, with an amount of 429 million riyals. However, this effect was met by a share of the loss resulting from a decrease in the value of an investment in a colleague company in the amount of 171 million riyals.
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