UPDATE 1-Saudi's SABIC expects H2 positive growth; eyes overseas expansion | Reuters

UPDATE 1-Saudi's SABIC expects H2 positive growth; eyes overseas expansion | Reuters:

Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, said on Sunday it expects positive growth in the second half of this year, backed by an increase in production and enhanced global economic outlook.

The comments came after SABIC reported an 81 percent leap in second-quarter net profit, citing higher selling prices and a jump in sales volumes.

The first half of 2018 was “very positive” and SABIC expects the second half of the year to be “equally positive,” CEO Yousef al-Benyan told a news conference.