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Kayan posts wider quarterly losses
- Saudi Arabia: Monday, January 14 - 2013 at 04:29
Saudi Kayan Petrochemical Co has said its fourth-quarter loss has widened to SR195m ($52m) from SR191m in the year-earlier period as costs rose, Bloomberg has reported. That missed estimates for losses of SR50.3m at NCB Capital and SR28m at Securities & Investment Co. The affiliate of Saudi Basic Industries Corp (Sabic) has posted quarterly losses since the fourth-quarter of 2008.
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