Sipchem 1Q2016 first glance: Earnings recover strongly following shutdown, ahead of forecasts
Net income – SAR51 million, -37% Y-o-Y, +95% Q-o-Q, +28% versus EFGe Gross profit – SAR229 million, -2% Y-o-Y, +124% Q-o-Q, +38% versus EFGe Operating income – SAR159 million, -10% Y-o-Y, 4.3x Q-o-Q, +42% versus EFGe Saudi Int
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