SABIC Profit Falls 39% 

SABIC Profit Falls 39% SABIC Profit Falls 39% 

Saudi Basic Industries Corp. (SABIC), one of the world's largest petrochemicals groups, reported a 39% drop in first-quarter net income on Sunday, Reuters reported. SABIC made a net profit of 3.93 billion riyals ($1b) in the three months ending March 31, down from 6.44 billion riyals in the year-earlier period.