Saudi International Petrochemicals Company (Sipchem) Q3 profit increased 57% to SR137 million (US$36.5 mln) owing higher volume of sales and prices. The net income in the nine months to September 30 rose to SR502 mln (approx. US$133.87 mln), Sipchem said. As per the company, the Q3 profit surge is mainly due to an improvement in the prices of products and the sales volume.
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