Sabic Q1 Report 2024
- US$ 8.72 Bn. Revenue
- REVENUE WAS LOWER BY 7% QoQ DUE TO LOWER SALES VOLUME
- US$ 1.2 Bn. EBITDA
- 35% IMPROVEMENT QOQ
- CONTINUING ON FIXED COST DISCIPLINE
- 14% EBITDA margin
- EBITDA MARGIN OF 14% COMPARED TO 10% IN PREVIOUS QUARTER
- US$ 169 Mn. Net income from continuing operations
- IMPROVED BY US$ 563 Mn. QoQ
- ACHIEVED US$ 66 MN TOTAL NET INCOME2
- -1.6% Balance sheet gearing
- STRONG BALANCE SHEET MAINTAINED
- A+/A1 Standalone credit rating4
- SUSTAINED HIGH STANDALONE CREDIT RATING SHOWING OUR RESILIENCY & ROBUST FINANCIAL STANDING
