SABIC reports 4.9% y/y decline in FY2016 net income to USD4.7 billion
Sales drops 10.3% y/y
SABIC has reported 4.9% year-over-year (y/y) decline in net income to SAR17.8 billion (USD4.7 billion) in the financial year ended 31 December 2016, the company said in a press release. Sales declined 10.3% y/y to SAR132.8 billion. Lower sales also affected SABIC’s operating income which decreased 4.9% y/y to SAR28 billion.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
