Sabic Reports a Net Profit for the Second Quarter of 2009

摘要

After posting a net loss of SR 974 million in the first quarter, Saudi Basic Industries Corporation (Sabic) made a consolidated net profit of SR 1.8 billion ($480 million) in the second quarter of 2009, enabling it to report a profit of SR 830 million for the first half of the year as a whole. However, compared to its earnings in the corresponding period of 2008, these results represent a substantial fall, with second-quarter earnings down 76% (from SR 7.5 billion in the corresponding three months of last year) and first-half earnings down 94% (from SR 14.47 billion).