Saudi Kayan swings to Q3 net profit on higher output/sales

摘要

SINGAPORE (ICIS)--Saudi Kayan Petrochemical Co swung into a third-quarter net profit of Saudi riyal (SR) 156.3m ($41.7m) from a loss of SR13.8m in the previous corresponding period, the Saudi Arabian producer said on Thursday. Higher production and sales, as well as lower feedstock costs, offset the decline in average selling prices of products, the company said in a filing to the Saudi stock exchange, Tadawul.