A slight quarter stumble
SABIC reported a 25% decline in Q2 2017 net profit to SAR3.71bn from a revised SAR4.96bn a year earlier. H1 2017 Net profit amounted to SAR 8.9bn, a 13.6% YoY rise. H1 2017 revenue increased by 3.3% to SAR72bn compared to SAR69.73bn a year earlier.Saudi Basic Industries is engaged in manufacturing, marketing and distribution of chemical, fertilizer and metal products in global markets. Co.'s chemical productions consisted of polyethylene, polypropylene and advanced thermoplastics, glycols and methanol. Co.'s operations consist of the following business segments: the Chemicals segment, which includes basic chemicals, intermediates, polymers and specialty chemicals; the Fertilizers segment, which consists of fertilizer products; and the Metals segment, which consists of steel products. Co. also maintains investment activities through SABIC Industrial Investments.
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