Browsing: financial results

Saudi Basic Industries Corporation (SABIC), one of the world’s largest petrochemical firms, reported an 85 per cent rise in net profit for the second quarter, supported by better margins and accounting changes. For the three months ending June 30, SABIC posted a net profit of $581.04M (SAR 2.18B), surpassing analyst expectations of SAR 904.25M, according to LSEG data.

TECOM Group has disclosed its financial results for the second quarter (Q2) and first half (H1) of the year ending 30th June 2024. The Group’s net profit for H1 increased by 24% to AED 603M, with revenues growing by 9% year-on-year (YoY) to AED 1.1B.