Latest news with #AdvancedPetrochemical
Arab News
13 hours ago
- Business
- Arab News
Closing Bell: Saudi main index slips 1.15% to close at 10,591
RIYADH: Saudi Arabia's Tadawul All Share Index declined on Wednesday, declining 122.69 points, or 1.15 percent, to end at 10,591.13. Total trading turnover of the benchmark index was SR6.22 billion ($1.66 billion), with 18 stocks advancing and 231 declining. The MSCI Tadawul Index also decreased by 11.84 points, or 0.86 percent, to close at 1,366.6 The Kingdom's parallel market, Nomu, reported drops, losing 254.4 points, or 0.96 percent, to close at 26,203.84 points. This comes as 30 stocks advanced while as many as 55 retreated. Among the top gainers, BAAN Holding Group Co. rose 1.6 percent to SR36.85, while Advanced Petrochemical Co. added 1.26 percent to end at SR28.1. Dallah Healthcare Co. and Naseej International Trading Co. gained 1.05 percent and 0.94 percent, respectively, closing at SR115.4 and SR74.90. Saudi Tadawul Group Holding Co. also rose 0.87 percent to close at SR162. Among the worst performers, National Co. for Learning and Education led losses with a decline of 7.53 percent to close at SR140. Saudi Marketing Co. followed, shedding 7.04 percent to settle at SR15.32, while Ataa Educational Co. fell 5.85 percent to SR61.20. Arabian Pipes Co. ended the session down 5.46 percent at SR5.54, and Saudi Reinsurance Co. edged 5.13 percent lower to SR42.55. On the announcements front, Saudi National Bank announced its intention to fully redeem its SR4.2 billion Tier-1 capital sukuk at face value on June 30, marking the fifth anniversary of its issuance. The sukuk, which was issued on June 30, 2020, with a total value of SR4.2 billion, will be redeemed at 100 percent of the issue price in accordance with its terms and conditions. The bank confirmed that all necessary regulatory approvals for the redemption have already been obtained. SNB closed Wednesday's session 0.43 percent lower to reach SR34.35.
Zawya
10-04-2025
- Business
- Zawya
Saudi: Advanced Petrochemical turns profitable at $19.2mln in Q1-25
Riyadh – Advanced Petrochemical Company shifted to net profits valued at SAR 72 million in the first quarter (Q1) of 2025, against net losses of SAR 58 million in Q1-24. The revenues hiked by 91.27% year-on-year (YoY) to SAR 614 million in Q1-25 from SAR 321 million, according to the estimated financial results. Earnings per share (EPS) amounted to SAR 0.27 in the first three months (3M) of 2025, versus a loss per share of SAR 0.22 in Q1-24. Quarterly, the company turned profitable in Q1-25 when compared to net losses of SAR 288 million in Q4-24, while the revenues grew by 6.04% from SAR 579 million. In 2024, Advanced Petrochemical turned to net losses of SAR 259 million, versus net profits worth SAR 171 million in 2023. Source: Mubasher
Zawya
28-02-2025
- Business
- Zawya
Advanced Petrochemical shifts to losses in 2024
Riyadh: Advanced Petrochemical Company incurred net losses of SAR 259 million in 2024, against net profits worth SAR 171 million in 2023. The loss per share stood at SAR 1 last year, versus earnings per share (EPS) of SAR 0.66 in 2023, according to the financial results. The company generated revenue amounting to SAR 2.19 billion in 2024, marking a 7.62% decrease from SAR 2.37 billion in 2023. It is worth mentioning that during the first nine months (9M) of 2024, Advanced Petrochemical recorded net profits of SAR 29 million while it turned to net losses worth SAR 17 million in the first half (H1) of the year.
