in this issue
Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Sabic Posts Lower Profit, Cites Weaker Prices & Higher Costs
8:12 AM MDT | July 20, 2012 | —Natasha Alperowicz
Earnings Impact: Plant maintenance contributed to a reduction in Sabic’s profits. Sabic reported a 35% drop in second-quarter 2012 net income, to SR5.3 billion ($1.4 billion), compared with the year-earlier period. The figure is also a 27% decrease from the SR7.27-billion net income achieved in the first quarter of this year. Gross operating profits for the second quarter amounted to SR12.72 billion. This represents a decrease of 23% compared with SR16.49 billion one year ago. Operating income in the second quarter decreased 29%, to SR9.43 billion, from...
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:
100% Satisfaction Guarantee