Basic Industries Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Saudi Arabia’s top chemicals company reported a 62% drop in year-on-year profit as weak demand puts the industry under stress. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesFed to Signal Delay of Interest-Rate CutsThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire EconomyLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerSaudi Basic Industries Corp., als

Saudi Basic Industries Corp , one of the world's biggest petrochemical companies, reported a 62% drop in first-quarter net profit on Wednesday, which the company partially attributed to a decline in...

Saudi Arabia's top chemicals maker warned of 'considerable uncertainty' for the industry.

(Bloomberg) -- Saudi Arabia’s top chemicals maker warned of “considerable uncertainty” for the industry after reporting a surprise full-year loss.Most Read from BloombergA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniStock Rally Stalls at Start of Data-Packed Week: Markets WrapShein Considers London IPO After US Resistance to ListingSaudi Basic Industries Corp., also known as Sabic, posted a net loss of 2.77 billion r

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