…Higher Selling Prices and Productivity Lift Sabic, Reliance Results

October 2007
Chemical Week;10/31/2007, Vol. 169 Issue 35, p5
Trade Publication
The article reports on the increase in the net income of chemical firm Saudi Basic Industries Corp. (Sabic) for the third quarter of 2007. Net income for the first nine months rose 42 percent, to SR20.2 billion, on sales up 36 percent, to SR86.5 billion. According to Sabic CEO Mohamed Al-Mady, higher profits in the first nine months of 2007 reflect the improvement in the prices of most key products in line with the increase of productivity.


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