SABIC expects Q4 margins to be ‘under pressure’ after drop in prices
October 30, 2022 Comments Off
SABIC, the petrochemical company majority owned by Saudi Aramco, expects margins to be “under pressure” in the four quarter after posting a 4% drop in Q3 petrochemical prices on the year. Third quarter sales rose 11% on the year while net profit plunged 67% to Riyals 1.84 billion ($490 million), SABIC said in an earnings statement posted Oct. 30 on…
SABIC expects Q4 margins to be ‘under pressure’ after drop in prices
SABIC, the petrochemical company majority owned by Saudi Aramco, expects margins to be “under pressure” in the four quarter after posting a 4% drop in Q3 petrochemical prices on the year. Third quarter sales rose 11% on the year while net profit plunged 67% to Riyals 1.84 billion ($490 million), SABIC said in an earnings statement posted Oct. 30 on…
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