Thursday, April 21, 2011

Better prices lift SABIC income

Saudi Basic Industries Corporation (SABIC) has reported its Net Income for the quarter ended March 31, 2011 amounted to SR 7.69 billion (US$2.05 billion) compared to the net income of SR 5.43 billion (US$1.44 billion) for the same quarter in 2010 representing an increase of 42%, and compared to the net income for the fourth quarter of 2010 of SR 5.75 billion (US$1.53 billion) representing an increase of 34%

SABIC Headquarters in Riyadh
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www1.albawaba.com/main-headlines/better-prices-lift-sabic-income

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