⁍ Saudi Basic Industries Corp (SABIC) reported a 47% rise in third-quarter profit.
⁍ The world’s 4th-biggest petrochemicals firm warned it still faces price pressures.
– Saudi Basic Industries Corp, the world’s fourth-biggest petrochemicals firm, reported a 47% rise in third-quarter profit, beating estimates on higher sales and output, but warned it still faces price pressures for some time to come. Saudi Basic Industries Corp, the world’s 4th-biggest petrochemicals firm, reported a 47% rise in third-quarter profit, beating estimates on higher sales and output, but warned it still faces price pressures for some time to come, reports Reuters.
Source: https://www.reuters.com/article/us-sabic-results/sabic-third-quarter-net-profit-up-47-as-sales-volumes-rise-some-impairments-reversed-idUSKBN27A07S