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Sipchem’s Q3 profit up 18.9%

Saudi International Petrochemical Co (Sipchem) has said its third-quarter net profit rose 18.9%, thanks to higher sale prices for most of its products, Reuters has reported. The firm made a net profit of SR185.2m ($49.33m) for the three months to September 30, compared with SR155.8m in the corresponding period in 2012.