Sabic cost cutting limits impact of lower third-quarter sales | The National:
"Cost cutting enabled Saudi Basic Industries Corp (Sabic) to limit the impact of a 23 per cent drop in third-quarter sales on its bottom line, the petrochemical producer’s acting chief executive said on Sunday.
The firm’s third-quarter sales were 37.3 billion Saudi riyals, down from 48.7bn riyals a year earlier, Yousef Abdullah Al Benyan told a news conference in Riyadh.
Sabic, Saudi Arabia’s largest listed company, had earlier said its third-quarter net profit fell 9.4 per cent to 5.6bn riyals."
'via Blog this'
No comments:
Post a Comment