Sabic Posts Gain in Second-Quarter on Higher Volumes

摘要

Sabic's second-quarter net income was SR5.02 billion ($1.34 billion), up 177% compared with the same period last year, on higher production and sales volumes. New capacity came onstream at its Sharq and Yansab subsidiaries and at its joint venture with Sinopec at Tianjin, China. "Additionally, the improved pricing environment for most of the products had a positive bearing on the consolidated financial performance," Sabic says.