Poll: What to expect from SABIC’s Q1 2023 earnings?

03/05/2023 Argaam

Logo of Saudi Basic Industries Corp (SABIC)

Saudi Basic Industries Corp. (SABIC) will report Q1 2023 financial results before the start of trade tomorrow, May 4.

 

On subsidiary performance, Saudi Kayan Petrochemical Co. and Yanbu National Petrochemical Co. (Yansab) incurred losses in Q1 2023. On the other hand, SABIC Agri-Nutrients Co. reported lower profits. 

 

Analysts expect the giant petrochemical producer to post a net profit of SAR 726.4 million for the three-month period, compared to a net profit of SAR 6.86 billion before one-offs in Q1 2022.

 

What are your expectations on SABIC’s financial results for Q1 2023? 

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