in this issue
Regions :: Middle East :: Saudi Arabia
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.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be: