VOL. XXXVI
NO. 43
26-JULY-1993
SAUDI ARABIA
SABIC's First Half Profits Fall 13.2%
The Saudi Basic Industries Corporation (SABIC) reported a 13.2% drop in netprofits in the first half of 1993 to SR859.9mn ($229.3mn) from SR990.8mn($264.2mn) in the first half of 1992, according to the corporation's unauditedmid-year results which were announced last week. The decline in profitability inthe first half of 1993, attributed to weak petrochemical prices, follows alarger decline of 32.1% in profits in the...
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