Saturday 28 November 2015

Sipchem Q2 net profit jumps 41pc

Riyadh, July 13, 2014

Saudi International Petrochemical Co (Sipchem) beat analysts' forecasts with rises in profit margins and sales on Sunday as second-quarter net profit jumped 41 per cent.

Sipchem made a profit of 244.6 million riyals ($65.3 million) in the three months to June 30, up from 174.0 million riyals in the prior-year period, according to a bourse filing.

Five analysts polled by Reuters had on average forecast Sipchem's quarterly profit would be 176.8 million riyals. - Reuters

Tags: industry | Sahara | petchem | sipchem |

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