SABIC's Profits Continue to Rise
The Saudi Basic Industries Corporation (SABIC) has announced a first quarter1989 profit of SR949mn ($253mn), compared to SR653mn ($174mn) in thecorresponding period of 1988. SABIC's profit for the whole of 1988 was SR3,680mn($981mn). In 1Q 1989 SABIC produced a total of 2,279,600 tons of variousproducts from its 15 operating projects and marketed more than 2mn tons of thisoutput.
Following the announcement of the 1Q 1989...