Methanol Chemicals swings to Q3 loss of SAR 41.35 million
Saudi Methanol Chemicals posted a third-quarter net loss of SAR 41.35 million on sales of SAR 160.11 million, according to Reuters. Sales volumes fell 19.5%.
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what happened
According to Reuters, Saudi company Methanol Chemicals reported third-quarter sales of SAR 160.11 million and a net loss of SAR 41.35 million. Average selling prices rose 29%, but sales volumes dropped 19.5% because of regional challenges.
The company also pointed to higher logistics costs, rising transportation, shipping and insurance expenses, and supply chain disruptions on its main shipping routes. Management has rolled out cost optimization initiatives. Subsidiaries accounted for 18% of total quarterly losses, or SAR 7.5 million.
why it matters
The report covers a single producer, so the impact on the wider market is limited. Still, the combination of higher prices, lower sales and costlier shipping shows how cost pressure is weighing on earnings at companies like this one.
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- Methanol Chemicals Q3 Loss SAR 41.35 Million — Reuters, 27 October 2026 at 05:24 UTC
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