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FINANCIAL NEWS
SABIC profit up 7 percent in Q2
21 Jul 2014
(MENAFN) Net profit of Saudi Basic Industries Corporation (SABIC) was estimated at USD3.43 billion in the first six months of 2014, according to Arab News.
The company’s profit, which is 7 percent growth, was estimated at USD1.72 billion in the second quarter compared to USD1.61 billion in the same period a year earlier.
SABIC’s Chief Executive Mohamed Al-Mady said that this year, the business outlook would remain unchanged from 2013, with petrochemical product prices probably staying stable.
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