Sabic's Net Earnings Were 51% Up at $4.2 Billion in the First Half of 2011

摘要

The net earnings of Saudi Basic Industries Corporation (Sabic) soared by 51% to SR 15.79 billion ($4.2 billion) in the first half of 2011 from SR 10.45 billion in the corresponding six months of 2010. The outcome in the second quarter of this year showed an even greater increase, with net earnings having bounded by 61% to SR 8.1 billion from SR 5.02 billion in April-June 2010. Sabic's gross operating profit was 32.7% up at SR 31.92 billion in the first six months of 2011, compared with SR 24.05 billion in the same period of 2010.