According to a bourse filing on the Saudi Stock Exchange Tadawul on May 2, 2023, the reason for the net loss compared to the same quarter of the last year is due to a decrease in the average selling prices of products and a decrease in sold products due to the scheduled periodic maintenance for some plants that was previously announced in 18 January 2023, in addition to increase in financing costs despite of decrease in the average cost of feedstock.
The reason for decrease the net loss compared to the previous quarter of the current year is due to an increase in the average selling prices of products, despite to increase in the average cost of feedstock and an increase in financing costs in addition to decrease in sold products due to the scheduled periodic maintenance for some plants that was previously announced in 18 January 2023
Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period.
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