SABIC Q1 net profit drops 38 pct, cites lower selling prices

SABIC Q1 net profit drops 38 pct, cites lower selling prices
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29.04.2019

MOSCOW (MRC) -- Saudi Basic Industries Corp (SABIC), the world's fourth-biggest petrochemicals company, reported a 38 percent drop in first-quarter net profit due to lower average selling prices, missing analysts' expectations, said Reuters.SABIC made a net profit of 3.41 billion Saudi riyal (USD909 million) in the three months to March 31, down from 5.51 billion riyals in the year-earlie

Full article at mrcplast.com

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