Riyadh – Mubasher: Sadara Basic Services Company said on Wednesday that the net losses of its parent company, Sadara Chemical Company, widened by 23.55% during the second quarter (Q2) of 2020, reaching SAR 1.405 million, compared with SAR 1.137 million in the year-ago period.

The increase in net losses was driven by a drop in the average selling prices of products and lower sales volume, according to a bourse filing.

Revenues for Q2-20 retreated by 31.8% to stand at SAR 1.861 million from SAR 2.728 million in the same quarter in 2019.