The Saudi Basic Industries Corporation (SABIC) reported preliminary consolidated net profits of SR 14.5 billion for the first six months ending June 30, 2008 compared with SR 12.8 billion in the same period in 2007, an increase of 13 percent. SABIC's share profit amounts to SR 4.82 compared with SR 4.25 for the same period last year (based on the number of the existing 3 billion shares), an increase of 13 percent. SABIC also reported preliminary consolidated operating profits of SR 23 billion for the first six months of 2008, compared with SR 19.2 billion for the same period in 2007, an increase of 20 percent. --MORE
