Middle East Economic Survey
SABIC Reports Profits Of $3.9Bn For First Nine Months Of 2005
Saudi Basic Industries Corporation (SABIC) on 18 October reported net profits of SR14.7bn ($3.9bn) for the first nine months of 2005, an increase of 54% compared to the same period last year. The companys profits in 3Q2005 reached SR4.8bn ($1.3bn), a 2% increase over 2Q2005. Total production during the first nine months of 2005 stood at 34.6mn tons, a 10%...