Riyadh-Mubasher: Chemanol posted net losses of SAR 21.4 million for the second quarter of 2015, against SAR 15.86 million earnings in the year-earlier period.

The chemical producer also recorded net losses of SAR 36.41 million in H1-15, versus earnings of SAR 40 million a year earlier.

The company ascribed the second-quarter losses to low product prices and weak sales, and six-month losses to the low prices of methanol globally.