SABIC reports 84% surge in net profit to $564m
RIYADH: Petrochemical giant Saudi Basic Industries Corp. reported an 84% year-on-year increase in net profit to SR2.18 billion ($564 million) in the second quarter of 2024, thanks to higher margins and new zakat regulations. In a Tadawul filing, the company reported a 32 percent rise in gross profit to SR7.19 billion, driven by improved margins … Read more