VOL. XXXVI
NO. 5
2-NOVEMBER-1992
SAUDI ARABIA
SABIC's Profits Continue to Slump
The Saudi Basic Industries Corporation (SABIC) in the first nine months of1992 reported a 23.6% fall in net profits to SR1.490bn ($397mn) from SR1.952bn($520mn) in the corresponding period of 1991, according to the corporation'sunaudited results which were announced last week. SABIC attributed the sharpfall in net profits to a decline in 1992 of some 10-30% in the prices ofpetrochemical products worldwide compared to...
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