Saudi Basic Industries Corp. (SABIC)announced earnings results for the full year ended December 2014. For the period, the company's net profit was SAR 23.43 billion, a drop of 7% from the SAR 25.28 billion reported the previous year, which the company attributed to lower average sales prices and higher volumes, leading to increased costs.

Operational profit fell 8.8% over the same period to SAR 38.79 billion.