Sabic Reports Big Rise in Net Profit on Increased Sales and Higher Prices

07:38 AM | October 18, 2010 | Natasha Alperowicz

Saudi Basic Industries (Sabic) reported a 46% rise in third quarter net profit to SR5.33 billion ($1.42 billion) compared with the same period in 2009. The net result was 6% higher than in the second...