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FINANCIAL NEWS
Saudi Sipchem profit at USD52 m in Q4
20 Jan 2014
(MENAFN) Net profit of Saudi International Petrochemical Company (Sipchem) slightly rose in the fourth quarter of 2013 reaching USD52.465 million compared to USD42.04 million during the same period in 2012, according to Arab News.
Figures showed that the company’s net profit registered a 24.8 percent rise compared to USD49.372 million in the third quarter.
Net profit in 2013 totaled at USD165.42 million compared to USD160.27 million in twelve months in 2012, or a 3.2 percent rise.
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