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Saturday, November 21, 2009 12:10 PM

Published 10/20/2009 by ME Steel


Saudi Arabia:SABIC reports 50 pct drop in third-quarter profit

The Saudi Basic Industries Corporation (SABIC) reports preliminary consolidated financial results for the period ended September 30, 2009.

The net income for the third quarter 2009 was SR 3.6 billion, compared to net income of SR 7.2 billion in the same period last year, a decline of 50...

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...and CEO, said: "In spite of repercussions arising from the global economic crisis, SABIC has maintained the same operational levels. SABIC's total production during the first nine months of 2009 reached 44 million tons, an increase of 4 percent, while quantities sold were 34.5 million tons, an increase of 3 percent over the same period last year."
Saudi Arabia:SABIC reports 50 pct drop in third-quarter profit [ME Steel - 10/20/2009]

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