SABIC’s 2017 net income up 9% y/y to USD6.8 billion

News
Financial results

Sales up 4.7% y/y

SABIC’s net income increased 9% year-over-year (y/y) to SAR25,484 million (USD6.79 billion) in the financial year ended 31 December 2017, the company said in a press release. Sales increased 4.7% y/y to SAR149.8 billion. The company reported operating income of SAR 29 billion, up 12.1% y/y.

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