IHS Chemical Week

Regions :: Middle East

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

8:11 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.

Username:
Password:

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