RIYADH: Sahara International Petrochemical Co, or Sipchem, saw its share decline at the opening of Tuesday, despite posting a 37 percent jump in net profit during the first nine months of the year.
The petrochemicals maker shed 0.95 percent at SR41.80 ($11) to lead the fallers as of 10:30 a.m. Saudi time.
The company’s profit rose to SR3 billion from SR2 billion for the same period a year earlier, it said in a bourse filing.
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