Sabic Third-Quarter Profit Rises Despite Lower Sales Volume
Sabic reported higher third-quarter net profit, supported by higher average selling prices and investment gains, while regional shipping disruptions weighed on sales volumes.
By Farhan RafidSaudi Basic Industries Corp. reported an increase in third-quarter net profit, buoyed by higher average selling prices and gains from investments, even as regional shipping disruptions weighed on sales volumes.Sabic, one of the world's largest petrochemical manufacturers, said Sunday…