Riyadh – Mubasher: The National Petrochemical Company’s (Petrochem) third-quarter net profits slid by 31.58% year-on-year (YoY) to SAR 117 million as product prices of the company's subsidiaries fell. 

Revenue for the July-September period of 2020 came in at SAR 1.4 billion, a plunge of 26.7% when compared to SAR 1.96 billion in the prior-year period, according to a bourse filing on Thursday.

Over the January-September period, the company turned to net losses of SAR 22 million, against net profits of SAR 542 million last year.