Mubasher TV
Contact Us Advertising   العربية

SABIC stock falls on lower Q2 profits

SABIC stock falls on lower Q2 profits
SABIC posted 1.5 million traded shares
Default Company
2010.O
0.00% 0.00 0.00

Riyadh – Mubasher: The stock of Saudi Basic Industries Corp (SABIC) on Sunday retreated by 1.26% to reach SAR 98.8, following the disclosure of its financial statements for the second quarter of 2017.

By 11:37 am KSA local time, SABIC posted 1.5 million traded shares at a value of SAR 146.7 million.

SABIC had reported a decline of 25.2% in net profits to SAR 3.71 billion in Q2-17 from SAR 4.96 billion in Q2-16.