VOL. XXXV

NO. 44

3-AUGUST-1992

Saudi Arabia

SABIC's First Half Profits Slump

The Saudi Basic Industries Corporation (SABIC) reported a massive 32.1% dropin net profits for the first half of 1992 to SR990.8mn ($264mn) from SR1,458.9mn($389mn) in the first half of 1991, according to the corporation's unauditedmid-year results which were announced last week. The decline in profitability inthe first half of 1992 follows a 27.4% fall in profits in the first quarter of1992 to SR505.2mn ($135mn) and a...