Saudi Basic Industries Corp (SABIC) reported on Tuesday its earnings for the second quarter of 2022. The company’s revenue for the second quarter reached SAR 55.98 ($ 14.93 billion), marking an increase of 6% compared to the previous quarter and a 32% increase year-on-year.
Net income during the second quarter totaled SAR 7.93 billion ($ 2.11 billion). This is higher than both the net income of SAR 6.47 billion ($ 1.73 billion) in the previous quarter and the net income of SAR 7.64 billion ($ 2.04 billion) in the second quarter of 2021.
