Financial Results
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Saudi SABIC posts 28% drop in 2022 net profit, warns of margin pressure in H1
Saudi Basic Industries Corp (SABIC), one of the world’s biggest petrochemicals firms, said on Tuesday its full-year 2022 net profit fell 28% year-on-year on lower profit margins, and warned they will continue to be under pressure during H1 2023. SABIC’s net profit after zakat (Islamic tax) and other taxes was…
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