09 April 2008 19:58 [Source: ICIS news]
Sipchem said in its preliminary results report on the Saudi stock exchange that it had a net profit of the Saudi riyals (SR) 232m ($63m) for the first quarter ended 31 March, up from SR ?xml:namespace>
Through its affiliates, International Methanol Co (IMC) and Gulf Advanced Chemical Industries Co (GACIC), Sipchem produces over 1m tonnes/year of methanol and 75,000 tonnes/year of butanediol.
($1 = SR3.75)
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