SABIC’s FY2018 net income rises 25.1% y/y to USD8.5 billion
Revenue up by 12.9% y/y
SABIC has reported 25.1% year-over-year (y/y) increased in net income to SAR31.9 billion (USD8.5 billion) in the financial year ended 31 December 2018, the company said in a press release. Revenue increased 12.9% y/y to SAR169.1 billion. SABIC recorded operating income of SAR36.2 billion, up 25% y/y.
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