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FINANCIAL NEWS
SABIC net profit up 2.5 percent in Q3
28 Oct 2013
(MENAFN) Net profit of Saudi Basic Industries Corporation (SABIC) rose by 2.5 percent in three months to September, according to Arab News.
The corporation’s net income increased up to USD1.73 billion compared to USD1.68 billion in the same quarter last year.
“About the future outlook, I think 2014 will be similar to 2013 or slightly better,” said CEO Mohamed Al-Mady.
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