19
Jan
11:20
Sabic performance improves in Q4
Saudi Arabian giant Sabic’s fourth-quarter-2016 revenue was flat on-year at SAR 34.03 billion ($9.07 billion), while full-year-2016 revenue dropped -10% on-year to SAR 132.98 billion. Net profit in 2016 fell -4.6% to SAR 17.91 billion.
Q4 represented a slight rebound for Sabic after poor results at its Saudi Iron and Steel Company (Hadeed) subsidiary dragged down revenue -14% on-year and net profit -15% on-year in the nine months through September. Ha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous