Saudi Arabia’s 14 exchange-listed petrochemicals firms reported total net profits of SR22.95bn ($6.12bn) for 2016, an increase of 8% from 2015’s SR21.25bn ($5.67bn).
Nevertheless, their combined net profits were still 33% lower than for 2014, when high crude oil prices supported linked petrochemicals prices until their late-year crash (see table 1 & chart). (CONTINUED - 752 WORDS)
