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The Worldwide 3D Printing High Performance Plastic Industry is Expected to Reach $202 Million by 2025 at a CAGR of 22.9% from 2020

The Worldwide 3D Printing High Performance Plastic Industry is Expected to Reach $202 Million by 2025 at a CAGR of 22.9% from 2020
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Oil Refinery Market Swot Analysis by Key Players Shell, BP, Qatar Petroleum

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Saudi petrochemical giant's profits fall dramatically

Saudi petrochemical giant s profits fall dramatically
February 1, 2021 at 9:30 am | Published in: Middle East, News, Saudi Arabia
The offices of Sabic, the world s largest petrochemicals firm by market value, in the Saudi capital Riyadh on January 20, 2009 [AFP via Getty Images]
February 1, 2021 at 9:30 am
The net profits of Saudi Arabia s Basic Industries Corporation (SABIC) fell by 99.2 per cent last year compared with 2019, the company s data on the local stock exchange website has revealed.
SABIC is the largest petrochemical company in the Middle East. It said on Sunday that its net profits have fallen from SAR 5.2 billion ($1.4 billion) in 2019 to SAR 40 million ($10.7 million) last year. Total sales revenues fell by 13.61 per cent during 2020, to SAR 116.9 billion ($31.17 billion), down from SAR 135.4 billion ($36.1 billion) on a year by year basis. ....

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SABIC: Saudi petrochemical giant's profits fall 99.2 percent | Earnings

The net profits of Saudi Arabia s Basic Industries Corporation (SABIC) fell by 99.2 percent last year compared with 2019, the company s data on the local stock exchange website has revealed.
Saudi SABIC
SABIC is the largest petrochemical company in the Middle East. It said on Sunday that its net profits have fallen from SAR 5.2 billion ($1.4 billion) in 2019 to SAR 40 million ($10.7 million) last year. Total sales revenues fell by 13.61 per cent during 2020, to SAR 116.9 billion ($31.17 billion), down from SAR 135.4 billion ($36.1 billion) on a year by year basis.
The company attributed the sharp decline in profits to the fall in the average selling prices of most products, as well as the fall in the value of some assets. The coronavirus pandemic has affected the prices of many goods and services, including oil. ....

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