Sabic Fourth-Quarter Profit Slumps to Six-Year Low on Metal Rout

  • Net income in period dropped more than analysts had expected
  • Metals prices are trading near lowest since 2009 on gluts

Saudi Basic Industries Corp. said profit dropped to a six-year low in the fourth quarter as the Middle East’s biggest petrochemicals company was hit by a rout in metals.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.