SABIC 2Q16 first glance: Earnings rally Q-o-Q on better prices; recurring earnings beat
Net income – SAR4.74bn, -23% Y-o-Y, +39% Q-o-Q, +4% vs. EFGe Recurring net income – SAR5.1bn, -17% Y-o-Y, +50% Q-o-Q, +12% vs. EFGe Gross profit – SAR11.02bn, -13% Y-o-Y, +31% Q-o-Q, +8% vs. EFGe Operating income – SAR6
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