Methanol Chemicals Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SAR 189.66 million compared to SAR 325.8 million a year ago. Net loss was SAR 10.19 million compared to net income of SAR 92.16 million a year ago. Basic loss per share from continuing operations was SAR 0.15 compared to basic earnings per share from continuing operations of SAR 1.37 a year ago.
For the six months, sales was SAR 375.08 million compared to SAR 631.45 million a year ago. Net loss was SAR 59.03 million compared to net income of SAR 194.83 million a year ago. Basic loss per share from continuing operations was SAR 0.88 compared to basic earnings per share from continuing operations of SAR 2.89 a year ago.