PetroRabigh's profit falls 55%

RIYADH: Saudi-based Rabigh Refining and Petrochemical Co.
(PetroRabigh) swung to a net profit in the second quarter after a loss a year earlier, but it was 55.1 percent below its first-quarter earnings.

Updated 21 July 2010 02:29

REUTERS

July 21, 2010 02:29

The joint venture of state-owned oil company Saudi Aramco and Japan's Sumitomo Chemicals made SR121.8 million in the three months to end-June against a net loss of SR236 million a year earlier, it said in a statement to the bourse's website.