SABIC's Q3 sales slump by 23%
SABIC, the largest producer of petrochemicals, fertilizers, and steel in the Middle East, reported a net profit of SAR15.7bn for the first nine months of 2015, 18% lower compared to the same period last year. Q3 2015 sales suffered a 23.4% decline to SAR37.3bn (from SAR48.7bn for the year-earlier period).
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