Thursday, January 21, 2010

SABIC reports surge in Q4-09 profits on improved demand and prices for its key products

SABIC has recorded an upsurge in Q4-09 net profit of SR 4.58 bln (US$1.22 bln) on recovering demand and prices for its key products. The Saudi major had posted just SR 311 mln (US$82.9 mln) a year agoo.

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