NO. 35


Saudi Arabia

SABIC's First Quarter Profits Fall

The Saudi Basic Industries Corporation (SABIC) in the first quarter of 1992reported a 27.4% fall in net profits to SR505.2mn ($134.7mn) from SR695.5mn($185.5mn) in the corresponding period of 1991, according to the corporation'sunaudited quarterly results which were announced last week. The decline inprofits in the first quarter follows a 24.1% fall in annual profits for 1991 toSR2.3bn ($613.3mn) from SR3.03bn ($808mn) in...