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Saudi Arabia’s PetroRabigh triples net profit in Q2

by ChemOrbis Editorial Team -
  • 27/07/2015 (11:18)
According to media reports, Saudi Arabia’s PetroRabigh announced that their net profit almost tripled on a yearly basis for the second quarter. The company’s net profit jumped to SAR504.9 million ($134.64 million) during the March-June period, compared with a net profit of SAR172 million ($45.86 million) in the same period of 2014.

The jump in the company’s net profit was attributed to improved margins for some of its products.

PetroRabigh is a joint venture between Saudi Aramco and Japan’s Sumitomo Chemical.
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