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Sun 22 Apr 2007 12:00 AM

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Sabic profits surge

Saudi Arabian petrochemical giant Sabic has reported a huge 50% surge in Q1 2007 profit to US$1.68bn.

Saudi Arabian petrochemical giant Sabic has reported a huge 50% surge in Q1 2007 profit to US$1.68bn. The result beat an average 34.2% forecast by analysts. Compared with Q1 2006 Sabic said that the prices of its main products rose 14% and production and sales by 11%.

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