SABIC Q2-2011 profits surge 61%

19-Jul-11
World Number 1 petrochem maker- Saudi Basic Industries Corp. (SABIC), has seen a 61% surge in second-quarter profits, because of higher prices for its products. Net income jumped to SR 8.1 bln (US$2.16 bln) from SR 5.02 bln a year earlier.
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