403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Saudi's SABIC posts USD1.05b net profit in Q1
(MENAFN) Saudi Basic Industries Corp (SABIC) posted USD1.05 billion net income in the first quarter of the year, marking 39 percent decline when compared to the corresponding period a year ago, Reuters reported.
Globally considered among the finest in the petrochemical sector, SABIC's slump did not reach analysts' expectations. The company said that net profit in the first quarter of 2014 was USD1.71 billion.
Nonetheless, analysts' expectations for the quarterly profit were around USD932.92 million. The company said that results are impacted by oil prices and global economic growth.
Globally considered among the finest in the petrochemical sector, SABIC's slump did not reach analysts' expectations. The company said that net profit in the first quarter of 2014 was USD1.71 billion.
Nonetheless, analysts' expectations for the quarterly profit were around USD932.92 million. The company said that results are impacted by oil prices and global economic growth.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment