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FinancialNews


  • 28-10-18

    Sabic net profit sees 5.4 percent boost in Q3

    (MENAFN) Saudi Basic Industries Corp (Sabic) saw an increase in its net profit by 5.4 percent during the third quarter of this year.

    The boost of the major petrochemical producer's net profit is driven by increased average prices in sale as well as a surge in sales volumes.

    The producer also recorded a 13 percent surge in its revenue during the same period this year, compared to last year.

    The Saudi giant stated: "the increase in net income is attributable to higher average selling prices and increase in sales volumes."

    MENAFN2810201800450000ID1097629950

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