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  • 21-10-14

    Saudi's Yansab net profit down 20 percent in Q3

    (MENAFN) Saudi Arabia's Yanbu National Petrochemical Co. (Yansab) registered a drop in the company's net profit by 20.1 percent in the July-September period of this year, Arab News reported.

    During the third quarter of this year, the company, which a subsidiary of Saudi Basic Industries Corp. (SABIC), posted a net profit of USD184 million, a decline by 30 percent compared to USD230.51 million in the same period of 2013.

    This decline, which the company contributed to a decline in sales volume, is the company's fourth straight quarterly profit decline.

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