Friday, February 04, 2011

SABIC expects higher sales and profitability in 2011 and throughout 2012

Saudi Basic Industries Corp (SABIC) expects higher sales and profitability in 2011 and throughout 2012 as petrochemical prices return to pre-crisis levels and further output capacity is added. The worrld's biggest petrochemicals firm by market value gave the upbeat outlook after broadly meeting analysts forecasts with a 27% increase of net profit.

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