SABIC reports Q1 2022 revenue at USD14.01 billion, up 3% y/y

Financial results

Net income increased 30.18% from last quarter to SAR6.47 billion

Saudi Basic Industries Corporation (SABIC) has reported first quarter revenue at SAR52.64 billion (USD14.01 billion) with a year-on-year (y/y) increase of 3% from the first quarter of 2021 for the three months ended, according to a filing by the company on 12 May.

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