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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Yanbu NPC loss $129m

The company had posted a net profit of #110m in 2022.
  • Against the revenue/sales of SAR 7.02 billion in 2022, the company posted revenue/sales of SAR 4.53 billion in 2023, down 35 percent.
  • In a Tadawul disclosure, the company attributed the loss to lower average sales prices for all products compared to the previous period.

Dubai, UAE — Yanbu National Petrochemical Company has posted a loss of SAR486 million ($129 million) for 2023, compared to net profit of SAR 414 million in 2022.

In a Tadawul disclosure, the company attributed the loss to lower average sales prices for all products compared to the previous period, in addition lower production and sales despite lowering of some production input costs.

The fall in production and sales was attributed to the scheduled turnaround of the company’s complex for preventive maintenance during first quarter and the temporary shutdown of company plants during the third quarter to for emergency repairs.

Against the revenue/sales of SAR 7.02 billion in 2022, the company posted revenue/sales of SAR 4.53 billion in 2023, down 35 percent, due to lower average sales prices and volume, and production.