SABIC with dramatic drop of sales and profits in Q4 | www.frankfurterfinance.de

SABIC with dramatic drop of sales and profits in Q4

We think that we will see an unpleasant development of sales and profits in the next few quarters due to reduced prices and a declining global demand. At the same time we honour the strategy of acquisitions. In the past SABIC proved its strategy of global expansion. We believe SABIC will pay dividends even in difficult times. However there is still much volatility and the downturn trend has not ended yet. The numbers of Q4 look much more dramatic than we thought.

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49
Stichwörter: 
SABIC, Tadawul, Saudi, petrochemical
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