Sabic's nine-month net profits doubled on higher world prices for its products and cost-cutting efforts.

The industrial giant said it earned a 9.56 billion riyals ($2.55 billion) net profit in the first nine months of 2004.
Third-quarter profits surged 169 per cent against the same period last year to 4.21 billion riyals.
Vice Chairman and Chief Executive Officer Mohamed Al Mady said the results reflected sharper marketing and higher world prices for its petrochemicals, fertilisers, plastics and steel.
Al Mady said the company had also reduced expenses and improved its investment capabilities.
Sabic’s product sales volume rose 12.6 per cent while revenues climbed 31 per cent to 46 billion riyals.