IHS Chemical Week

Chemical Week Magazine :: Newsbriefs

Weak Demand Dents Sabic’s Fourth-quarter Profits...

1:46 PM MST | January 28, 2008 | Chemical Week Editorial Staff

Sabic reported a 12% increase in fourth-quarter 2007 net profits, to SR6.87 billion ($1.8 billion), compared with the fourth quarter of 2006. Sales were not disclosed. The earnings figure includes results from Sabic Innovative Plastics, the former GE Plastics, which Sabic acquired last year. Sabic’s earnings fell short of analysts’ forecasts of SR8.4 billion-SR9.0 billion. The disappointing result reflects lower U.S. demand due to the subprime mortgage crisis, Sabic CEO Mohamed Al-Mady told Reuters in an interview last week. Higher energy and raw...

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