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Sabic set for record profit
2007-10-08 - AME Info | Saudi Arabia | Latest News - The Saudi Basic Industries Corporation (Sabic) is likely to have achieved a fifth consecutive record profit in Q3, according to a survey conducted by Reuters. Three analysts predicted, on average, a profit of around $1.9bn for the three months to September 30, a 30% increase. Asian prices for ethylene, Sabic's main product, have spiked by more than 10% since Q3 last year.  

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