SABIC to disclose Q1 2024 financials on May 1

25/04/2024 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 May 1 to discuss the company’s performance and financial results for Q1 2024.

 

Analysts expect SABIC to record a net profit of SAR 280.79 million in Q1 2024, compared to SAR 656.9 million in Q1 2023, according to data available with Argaam.

 

SABIC incurred losses of SAR 2.8 billion by the end of 2023, against profits of SAR 16.5 billion in 2022.

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