SABIC FY2015 net income down 19.6% y/y to USD4.99 billion
Sales falls 21.6% y/y
SABIC has reported 19.6% year-over-year (y/y) decline in net income to SAR18.8 billion (USD4.9 billion) in the financial year ended 31 December 2015, the company said in a press release. Sales declined 21.6% y/y to SAR148.1 billion. SABIC also reported sharp decline in operating income of 24.4% y/y to SAR29.5 billion.
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