Sipchem 2Q16 first glance: A weak set of numbers across the board, disappoints forecasts
Net income – SAR26mn, -76% Y-o-Y, -49% Q-o-Q, -60% vs. EFGe Gross profit – SAR164mn, -43% Y-o-Y, -29% Q-o-Q, -22% vs. EFGe Operating income – SAR99mn, -56% Y-o-Y, -38% Q-o-Q, -35% vs. EFGe Saudi International Petrochemical Com
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