SABIC FY2019 sales declines 17% y/y to USD37.2 billion
Net income drops 74% y/y
SABIC has reported 17% year-over-year (y/y) decline in sales to SAR139.7 billion (USD37.2 billion), the company said in a press release on 29 January. The company attributed decline full-year sales to reduction lower average prices by 20% which was partially offset by an increase in sales volume by 3%.
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