in this issue
World News and Views :: Top of the News
Sabic affiliates Safco and YanSab report lower fourth quarter profits; Kayan's losses mount
7:12 AM MST | January 14, 2013 | Natasha Alperowicz
Saudi Arabian Fertilizer Company (Safco; Al Jubail) says its net profit in the fourth quarter reached 1.15 billion Saudi riyals ($305.6 million) compared with SR1.28 billion in the year-earlier quarter. Operating profit in the last quarter of 2012 was 7% lower, at SR1.02 billion. Safco cites lower urea prices as the main reason for the decline in profits. Yanbu National Petrochemical (YanSab; Yanbuʿ), meanwhile, announced a 4% drop in fourth quarter net profit, to SR640.77 million. Operating income in the fourth quarter of 2012 was SR727.9 million compared...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee