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Sabic's Q2 profit up 7%, matches views

July 21, 2014

Saudi Basic Industries Corp, or Sabic, reported a seven per cent rise in second-quarter net income on Sunday, matching analysts' forecasts.

It earned SR6.46 billion ($1.72 billion), compared to SR6.04 billion in the year-earlier period, it said in a bourse statement. This was in line with the average forecast of analysts polled by Reuters.

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Source: Khaleej Times (United Arab Emirates)

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