Tuesday, July 15, 2008

Sabic's Q2 net profit to go up 9.2% despite US economic slowdown

Saudi Basic Industries Corp. (SABIC), world's leading chemical firm by market value, is slated to earn a Q2 net profit of US$1.9 bln, rising 9.2% from the quarterly earnings of US$1.74 bln in the corrresponding period last year ending June 30, 2007.

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