20 Hrs
Source:
معلومات مباشر
Sabic's net losses shrink to 833M Riyals
Sabic confirmed that its net losses in the second quarter of 2026 decreased by 79.61%, reaching 833 million riyals, compared to 4.07 billion riyals in the same period last year. This improvement is attributed to a decline in non-recurring losses and better results from joint ventures and associates, despite a drop in revenues and operating profitability. Revenues decreased by 17.93% to 24.81 billion riyals, and the company recorded a quarterly loss after posting a profit in the first quarter. The pressure on gross profit continued, but the improvement in losses is mainly due to a reduction in non-recurring costs and better performance of ongoing operations.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)