Middle East Economic Survey
VOL. LIII
No 43
25-Oct-2010
SAUDI ARABIA
SABIC Reports 252% Net Income Rise For First Nine Months
Saudi Basic Industries Corporation (SABIC) has announced preliminary consolidated financial results for the first nine months of the year, with net income soaring to SR15.77bn ($4.21bn), a 252% increase over the figure reported for the same period in 2009, SR4.48bn ($1.19bn). Profit per share amounted to SR5.26 ($1.40) over the nine-month period compared to SR1.49...
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