With reference to the Council of Ministers resolution dated 28 December, 2015 (17/3/1437 H) announcing increased gas and energy prices, and based on average production volumes and the current price of propane, Tasnee expects the financial impact from such increases on its consolidated results for the fiscal year 2016 of approx. SR 190 mln. Tasnee continues to implement its operational improvement and cost reduction programs which are expected to have a positive impact on its cost structure.
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