Earnings Report /
Saudi Arabia

SABIC: Record sales and remarkable profits

  • Revenues stood at SAR56.0bn, up 32.0% yoy (+6.3%qoq), highest on record.

  • Gross profit came in at SAR16.6bn, up 21.3% yoy (+12.7% qoq).

  • Operating expenses increased to SAR6.76bn much higher than our estimates of SAR5.15bn and SAR5.38bn in Q1 22.

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Head of Equity Research

SNB Capital
9 August 2022
Published bySNB Capital


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