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SABIC Nets SR 5.30 Billion In Profit In 2nd Quarter of 2012
Saudi Press Agency Published in Saudi Press Agency on 18 - 07 - 2012

Saudi Basic Industries Corporation (SABIC) announced today the interim consolidated financial results for the period ended June 30, 2012:
- The net income for the quarter ended June 30, 2012 was SR 5.30 billion compared to the net income of SR 8.10 billion for the same quarter in 2011, representing a decrease of 35%, and compared to the net income of SR 7.27 billion in the previous quarter, representing a decrease of 27%.
- The gross operating profit for the quarter ended June 30, 2012 amounted to SR 12.72 billion compared to the same quarter in 2011 of SR 16.49 billion, representing a decrease of 23%.
- The income from operations for the quarter ended June 30, 2012 amounted to SR 9.43 billion compared to SR 13.28 billion for the same quarter in 2011. This represents a decrease of 29%.
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