Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi petrochemical giant SABIC posts 5.7 profit rise  Join our daily free Newsletter

MENAFN - AFP - 19/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) Saudi petrochemical giant SABIC said Sunday its net profit rose 5.7 percent in the last quarter of 2013, compared with the same period the year before, on the back of lower costs.SABIC said its net profit reached 1.645 billion in the last three months of last year."The increase in net income is due to lower cost of sales and financial charges," the company said in a statement to the Saudi stock market.SABIC, the Saudi Basic Industries Corp., is the largest publicly traded firm in the Gulf and one of the world's major petrochemicals groups.

The quarterly net profit was however down 4.8 percent in comparison with the previous quarter, due to "lower production and sales volumes".For the whole year, SABIC's net profit was up 1.82 percent in 2013.The group is one of the world's leading manufacturers of chemicals, fertilisers, plastics and metals.
 
 


AFP




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help