(Bloomberg) -- Saudi Basic Industries Corp., the world's biggest petrochemicals maker, may have seen second quarter profit more than triple after demand for plastics recovered in a strengthening global economy.
Sabic will report 5.8 billion riyals ($1.6 billion) in net income after 1.8 billion riyals in the same quarter last year, according to Bloomberg. Sabic traditionally releases quarterly results within a month after the end of a quarter.
A global economic recovery is helping Sabic overcome last year's slump, when sales of its automotive, construction and consumer products weakened. The company's U.S. plastics business is improving as demand for materials needed to make automobiles and electronic goods increased.