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Saudi Arabia’s Advanced posts lower income in Q1

by ChemOrbis Editorial Team -
  • 07/04/2015 (14:04)
Saudi Arabia’s Advanced Petrochemical’s net profit declined in the first quarter of this year, according to market sources. The company’s net profit decreased around 35% to 90 million Riyals ($24 million) in the first quarter compared to the same quarter of 2014. The company’s operating profit also declined to 100 million Riyals ($27 million) in the January- March period of this year.

Advanced Petrochemical’s weaker financial results in the first quarter were attributed to lower PP prices.
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