SABIC's Net Profit Rises 4.4% In 1997
The Saudi Basic Industries Corporation (SABIC) has reported a net profit of SR4.604bn($1.23bn) in 1997, up 4.4% on SR4.412bn ($1.18bn) in 1996. Total product output increasedslightly to 23.7mn tons from 23mn tons in 1996 and external sales rose to 18.748mn from17.576mn tons in 1996. Sales revenue rose 15% to SR24.023bn ($6.41bn) from SR20.834bn($5.56bn) in 1996. The Saudi Minister of Industry and Electricity and...