Saudi's SABIC posts 7% rise in Q2 net profit - Energy - ArabianBusiness.com:
"Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups and the Gulf's largest listed company, reported a 7 percent increase in second-quarter net income on Sunday, matching analysts' forecasts.
It earned SR6.46 billion ($1.72 billion) in the quarter, compared to SR6.04 billion in the year-earlier period, SABIC said in a bourse statement.
This was in line with the average forecast of analysts polled by Reuters, who had predicted a quarterly profit of SR6.42 billion."
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