Earnings Report /
Saudi Arabia

SABIC Agri-Nutrients: Q2 21 results analysis – Highest margins since Q4 18

  • SABIC Agri-Nutrients reported a strong set of Q2 21 results with a net income of SAR836mn, up 132% yoy (+97.9% qoq).

  • Revenue stood at SAR1.84bn in Q2 21 up 98% yoy (+22.1% qoq) and was higher than our estimates of SAR1.72bn.

  • Gross profit came-in at SAR1.12bn, up 147% yoy (+74.2% qoq) and was higher than our estimates of SAR997mn.

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
6 August 2021
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