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SABIC posted its highest overall net profit since June 2015. Indeed, the company reported a 10.7% rise in Q3 2017 net profit. The net profit amounted to SAR5.79bn in the three months to Sept. 30, up from SAR5.23bn in the year-earlier period. 9M 2017 revenues amounted to SAR111.78bn compared to SAR105.52bn for the similar period of last year with an increase of 5.9%, recording the highest sales since Q2 2015. For the first nine months of 2017, the firm’s net profit rose by 12.4%, year-on-year, to SAR14.7bn.Saudi Basic Industries is engaged in manufacturing, marketing and distribution of chemical, fertilizer and metal products in global markets. Co.'s chemical productions consisted of polyethylene, polypropylene and advanced thermoplastics, glycols and methanol. Co.'s operations consist of the following business segments: the Chemicals segment, which includes basic chemicals, intermediates, polymers and specialty chemicals; the Fertilizers segment, which consists of fertilizer products; and the Metals segment, which consists of steel products. Co. also maintains investment activities through SABIC Industrial Investments.
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