Saudi-listed Petro Rabigh posts $173m profits as oil prices soar in Q1

RIYADH: Saudi Arabian chemicals maker Rabigh Refining and Petrochemical Co. has posted a 12 percent increase in quarterly profits on the back of rising oil prices. The firm, better known as Petro Rabigh, managed to boost profit from SR649 million ($173 million) to SR725 million year-on-year, it said in a filing to the Saudi stock exchange. Revenues soared by 42 percent to

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