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Chemanol's H1 Attributable Net Loss Narrows; Revenue Falls

MT Newswires·09/08/2026 01:26:19
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01:26 AM EDT, 09/08/2026 (MT Newswires) -- Methanol Chemicals Co. (SASE:2001), d/b/a Chemanol, said Tuesday its attributable net loss for the first half decreased, while revenue declined year over year. Net loss attributable to shareholders of the issuer for the six months ended June 30 was 81.6 million Saudi riyals, compared with a net loss of 381.7 million riyals a year ago. Loss per share moved to 1.21 riyals from 5.66 riyals. The Saudi Arabia-listed methanol and derivatives producer's revenue was 272.3 million riyals, compared with 315.6 million riyals earlier.