SABIC to disclose Q2 2024 earnings in press conference on Aug. 1

Saudi Basic Industries Corp. (SABIC) will hold a press conference on Aug. 1 to discuss the company’s Q2 2024 performance and financial results.

According to consensus estimates, SABIC is forecast to record a net profit of SAR 759.61 million in Q2 2024, compared to SAR 1.2 billion in Q2 2023, Argaam earlier reported.

SABIC’s first-quarter net earnings declined to SAR 246.2 million, from SAR 656.9 million in Q1 2023.