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Sabic reports 2012 results, outlines investment projects

7:18 AM MDT | April 15, 2013 | Natasha Alperowicz

Sabic announced today that it maintained a strong financial performance during 2012 and increased its production capacity to reach 72 million m.t./year, a 3-million m.t. increase compared with the previous year. Sales in 2012 reached 189 billion Saudi riyals ($50.39 billion), compared with sales of SR190 billion in 2011. Net income reached SR24.7 billion, a 15% decline on the year-earlier period. The company’s total assets grew to SR338 billion, compared with SR333 billion. The total volume of sales reached 55 million m.t., 1 million m.t. more than the...

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