IHS Chemical Week

Regions :: Middle East

Sabic reports lower third-quarter net income, CEO expresses confidence

2:25 AM MDT | October 17, 2012 | Natasha Alperowicz

Sabic today posted a 23% decline in third-quarter net profit, citing lower product prices. Net income in the quarter ended 30 September 2012 reached SR6.31 billion ($1.68 billion), compared with net income of SR8.19 billion in the year-earlier quarter. However, net income rose 19%, from SR5.3 billion, in the second quarter of this year. Gross operating profit in the third quarter was down 22%, to SR 13.18 billion, and income from operations was 27% lower, at SR 9.84 billion. Revenues were not disclosed. Mohamed Al Mady, Sabic's CEO, said the company...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa