SABIC to disclose Q2 2023 financials tomorrow

02/08/2023 Argaam
Logo ofSaudi Basic Industries Corp. (SABIC)

Logo of Saudi Basic Industries Corp. (SABIC)

Saudi Basic Industries Corp. (SABIC) will hold a press conference on Thursday, Aug. 3, at 10:00 am, to discuss and announce Q2 2023 financials.

 

According to average consensus estimates compiled by Argaam, the giant petrochemical producer is expected to report a net profit of SAR 1.16 billion in the three-month period, down from SAR 7.9 billion a year earlier.

 

SABIC’s first-quarter net profit dropped to SAR 656.9 million from SAR 6.47 billion in Q1 2022, according to Argaam data.

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