Latest news with #AdvancedPetrochemicalCompany
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.
