The global economic meltdown has taken its toll on SABIC's Q4 performance. The Gulf major has posted a worse than expected 95.5% fall in Q4 net profit which it blamed on global woes.
The company made 311 mln riyals (US$82.9 mln) in the 3 months to Dec. 31 down from the 6.87 billion riyals it made a year ago, mainly due to a decline in demand on petrochemical products and metals because of the economic recession, and to the credit crisis.
21-Jan-09 
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