Mady, SABIC Vice Chairman and CEO, presented a summary of the board's report and reviewed the company's performance during the fiscal year 2007. He spoke of the company's achievements in the areas of production, marketing, scientific research and technical development, and the company's contributions to the national economy. He also referred to the increase in SABIC's production to 55.2 million tons, an increase of 12 percent over the previous year, with sales rising to 44.2 million tons, an increase of 15 percent. "Revenues touched SR 126 billion, an increase of 46 percent over the previous year, while net profits rose to SR 27 billion, an increase of 33 percent over the previous year. The company's share profit was SR 10.81 compared to SR 8.12." --MORE
