IHS Chemical Week

Chemical Week Magazine :: Newsbriefs

Sabic’s profits rise; Petro Rabigh posts big loss

11:14 AM MDT | July 26, 2013

Sabic reports net profits of 6.04 billion Saudi riyals ($1.6 billion) for the second quarter, a 14% increase year-on-year (YOY) but an 8% decline compared with the first quarter. Operating profit of SR9.97 billion in the second quarter was 5.5% higher YOY but 10% down on the first quarter’s SR11.05 billion. Sales in the second quarter were down 3.2% YOY, at SR45 billion, because of lower demand in China and Europe. Sabic said earlier this year that it planned to cut 1,050 jobs in Europe and close some operations there. The company says that a decrease 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.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




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