IHS Chemical Week

Regions :: Western Europe

Sabic Third-Quarter Profits Fall by Half; Petchem Markets are off the Bottom (Updated)

11:40 AM MDT | October 18, 2009 | Natasha Alperowicz

Sabic saw a sharp decline in profits in the third quarter of this year compared with the third quarter of 2008, but profits rose sharply compared with the preceding quarter of this year. Third quarter gross income was down 45% to SR8.6 billion ($2.29 billion), income from operations fell 48% to SR 6.4 billion, and net income fell 50% to SR3.6 billion on a year-on-year basis, but net income doubled compared to the second quarter of 2009, indicating that petrochemicals and related markets are off the bottom.Sabic blames the 50% year-on-year profit decline in the...

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 subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 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


contact us | about us | privacy policy | sitemap

ihsCopyright © 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