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Saudi Sipchem sees Q4 profit double

Saudi International Petrochemical has said that higher methanol and butanediol production has helped its Q4 2010 net profit to more than double to SR125.1m ($33.3m), compared to SR56.5m a year earlier, Reuters has reported. Full-year net profit soared to SR378.1m from SR140.9m in 2009, while operational profit climbed to SR282.3m from SR122.8m in the fourth quarter of 2009.