Chemanol shareholders to review company’s COVID-19 performance on Nov. 4

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Methanol Chemicals Co. (Chemanol) invited shareholders to attend a review meeting, on Nov. 4 at 6 pm, to assess the company’s performance during and after the coronavirus crisis, as well as the results achieved during the past period.

Chemanol turned to an estimated net profit after Zakat and tax of SAR 164.2 million for the first nine months of 2021, compared to a net loss of SAR 262.3 million a year earlier, Argaam reported.

Q3 2021 net profit stood at SAR 74.1 million against a net loss of SAR 202.4 million in the year-ago period.