IHS Chemical Week

People & Business :: Earnings/Finance

Sabic reports higher second-quarter profits but a decline sequentially

2:10 AM MDT | July 21, 2013 | Natasha Alperowicz

Sabic today reported net profits of 6.04 billion Saudi riyals ($1.6 billion) for the second quarter, a 14% increase year-on-year (YOY) but an 8% decline compared with the first quarter. Operating profit of SR9.97 billion in the second quarter was 5.5% higher YOY, but 10% down on the first quarter’s SR11.05 billion. Sales in the second quarter were down 3.2%, at SR45 billion, because of lower demand in China and Europe. Europe was the hardest hit of all the geographies. Earlier this year, Sabic said that it planned to cut 1,050 jobs in Europe...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa