19 Oct 2015
(MENAFN) The Saudi Basic Industries Corporation (SABIC) announced its third-quarter sales at USD9.93 billion down from USD12.97 billion compared to the same period last year.
SABIC Saudi Arabia’s largest listed company had earlier said its third-quarter net profit fell 9.4 percent to USD1.49 billion. This was a larger profit than analysts had on average forecast.
Acting CEO of SABIC described earnings as “very positive given global economic conditions,” adding that “Cost cutting enabled SABIC to limit the impact of a 23 percent drop in third-quarter sales on its bottom line.”
He added that SABIC had reduced its costs by an average of 22 percent in the first nine months of 2015 through improved efficiency but did not provide further details.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more