Announcement Title Sipchem conducted earnings call with the financial analysts and investors for Q3, 2019 financial results (period ending September 30, 2019)
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| Announcement Detail | Sahara International Petrochemical Company (Sipchem) announces on Sunday, November 03, 2019 that it conducted the quarterly financial results earnings call with analysts and investment institutions to discuss its quarterly financial results for the 3rd quarter of 2019.
Sipchem’s CEO Eng. Saleh Bahamdan, COO Eng. Abdullah Al-Saadoon and VP, Corporate Finance Mr. Rushdi Al-Dulaijan discussed the company results and its operations and financial performance during Q3 2019 and addressed the queries of the participants. Eng. Bahamdan confirmed that Sipchem achieved positive results despite the low product prices during the Q3 as well as the shutdown of certain Sipchem affiliate plants. He further pointed out that the shut downs will enhance the reliability and operations of those plants. He added that Sipchem achieved a net profit for Q3 2019 of SAR 111.1 Million attributable to a strong operational performance and increased sales. The presentation of the Q3 2109 results can be downloaded via the Sipchem Investor Relations website: www.sipchem.com |
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