Saudi's PetroRabigh says taking 124 mln riyal earnings hit on power cut

A 10-day power cut at Saudi Arabia's PetroRabigh petrochemical complex will have a 124 million-riyal ($33.1 million) impact on the company's second-quarter results, it said on Tuesday. PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, did not specify in a statement to the bourse whether this amount referred to revenue or profit. PetroRabigh reported a net profit of 504.9 million riyals in the second quarter of 2015.