VOL. XXXIV
NO. 35
3-JUNE-1991
Saudi Arabia
SABIC's First Quarter Profits Up 33.7%
The Saudi Basic Industries Corporation (SABIC) in the first quarter of 1991reported net profits of SR695.9mn ($185.5mn), up 33.7% from SR520.5mn ($138.8mn)in the corresponding period of 1990, according to the corporation's unauditedquarterly results. The increase in profitability in 1Q 1991, which contrastswith a 15.1% fall in net profits in 1990 to SR3.03bn ($808mn) (MEES, 22 April),is attributed by SABIC's Vice...
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