Qa'da 10, 1431, Oct 18, 2010, SPA -- Saudi Arabian Basic Industries Corporation (SABIC) announced Sunday following preliminary consolidated financial results for the period that ended September 30, 2010: - Net income for the third quarter 2010 was SR 5.33 billion, compared to net income of SR 3.65 billion in the same period last year, an increase of 46 percent and compared to SR 5.02 billion for the previous quarter, a rise of 6 percent. - Gross income for the third quarter was SR 11.49 billion compared to SR 8.56 billion for the same quarter last year, a rise of 34 percent. - Income from operations for the third quarter was SR 8.98 billion compared to SR 6.36 billion in same period last year, a rise of 41 percent. - Net income during nine months is SR 15.77 billion as compared to SR 4.48 billion for the same period last year, a rise of 252 percent. --MORE
