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Saudi’s SABIC Q1 profit plunges as sales prices, volumes fall
Saudi Basic Industries Corp has cited pressure on global sales prices as it reported a year-on-year (YoY) profit fall of 89.8%, down to SAR 0.66 billion ($176 million) versus SAR 6.47 billion one year ago. It's Q1 net profit dropped 90% as average sales prices and volumes fell. The company…
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