Sabic Slumps into Lowest Quarterly Net in a Decade
(Bloomberg) — Saudi Basic Industries Corp. posted its lowest quarterly gain in at least a decade as the compound manufacturer required an impairment charge and cheaper oil put strain on its merchandise rates. Net earnings plummeted 86 percent from the preceding year to 830 million riyals ($221 million), while sales fell 23% to the identical period to 33.7 billion…
News story published on 2019-10-27T07:28:00.0000000Z
