Earnings Report /
Saudi Arabia

Sipchem: Robust sales drive profits

  • Revenues came in at SAR3.19bn, up 35.1% yoy (+32.5% qoq). This was significantly higher than our estimates of SAR2.53bn

  • Gross profit stood at SAR1.68bn up 13,7% yoy (+21.4% qoq) and was higher than our estimates of SAR1.39bn

  • EBIT came-in at SAR1.37bn up 20.1% yoy (+19.3% qoq) and was higher than our estimates of SA1.15bn

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Head of Equity Research

SNB Capital
26 July 2022
Published bySNB Capital

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