SABIC turns to net profit in first nine months of 2021

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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Updated 28 October 2021
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SABIC turns to net profit in first nine months of 2021

SABIC turns to net profit in first nine months of 2021

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.