SAUDI ARABIA
SABIC Reports Jump in First Half Profits
Saudi Basic Industries (SABIC) has reported a 470% increase in profits in the first half of 1986, with net earnings reaching SR58.06mn ($15.5mn at SR3.75 = $1) compared to SR10.17mn ($2.7mn) in January-June 1985. Sales rose 69% to SR1.48bn ($395mn), total revenues were up 58% at SR1.58bn ($421mn), while expenditures increased by 54% to SRl,529.9mn ($408mn). SABIC's total assets grew by 7% to SR21.85bn ($5.8bn), while its...
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