1-Realized net loss for the second quarter ended June 30, 2010 amounted to SR 1.8 million, as compared to net loss of SR 6.5 million for the same quarter in 2009, decreased in net loss by 72.3 %, and compared to net loss of SR 3.77 million for the preceding quarter, decreased in net loss by of 52.3 %.
2-Net loss during the 6 months amounted to SR 5.57 million compared to net loss amounted to SR 12.7 million for the same period of the previous year, a decrease of 56.1 %.
3-Loss per share during the 6 months amounted to SR (0.004) as compared to loss per share of SR (0.008) for the same period last year.
4-Reduction in losses in the first half in 2010 as compared to the corresponding period of previous year; it is due to the change in foreign currency exchange rates recorded in that period. However, the company is still in the pre operating stage and all the gains or losses during this stage are classified as none operational. On this occasion, Eng. Mutlaq Al-Morished, Chairman of the Board of Directors of Saudi Kayan and Executive Vice President, SABIC Corporate Finance reported:” Implementation works of the project are well on track and company main plants will begin commissioning operations during the 3Q 2010.