Earnings
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- Written by AmericaPlast
SABIC today reported its earnings for the second quarter of 2022. The company’s revenue for the second quarter reached SAR 55.98 ($ 14.93 billion), representing an increase of 6% compared to the previous quarter and a 32% increase year-on-year.
Net income during the second quarter totaled SAR 7.93 billion [$ 2.11 billion]. This is higher than both the net income of SAR 6.47 billion [$ 1.73 billion] in the previous quarter and the net income of SAR 7.64 billion [$ 2.04 billion] in the second quarter of 2021.
Read complete report at www.sabic.com
- Details
- Written by AmericaPlast
• Second quarter net income of $1.0 billion, Adjusted EBITDA(1) of $2.0 billion
• Cash from Operations of $1.6 billion, Free Cash Flow(1) of $794 million
• Year-to-date capital return totaled $1.1 billion, including $1.0 billion of share repurchases
• Board of Directors approves a new $2.0 billion share repurchase authorization
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