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SABIC reports $65 5m profit for first quarter

SABIC reports $65 5m profit for first quarter
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Lang enthusiastic about Garber managing Betten Baker

Lang enthusiastic about Garber managing Betten Baker
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SABIC reports $65 5m profit for first quarter

SABIC, a global leader in diversified chemicals, has announced a net profit of SAR246 million ($65.58 million) for the first quarter of 2024, compared to a SAR1.73 billion loss in Q4 2023.

Petchem major Sabic shows resilience; swings to Q1 profit

Saudi petrochemical major Sabic has registered a net profit of SAR246 million ($66 million) for Q1 when compared to a SAR1.73 billion ($461 million) loss in Q4 2023, thus reflecting its high resilience in adapting to market conditions and global economy.

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