SABIC turns to net profit in first nine months of 2021

The company attributed to rise to higher average selling prices. (Reuters)
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Saudi Basic Industries Corp. (SABIC) made SR18 billion in net profits in the first nine months of 2021, compared to a net loss of SR2.6 billion in the same period last year.

The company attributed the rise to higher average selling prices, it said in a bourse filing.