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Advanced Petrochemicals’ profits rise 32% in Q2

Advanced Petrochemicals’ profits rise 32% in Q2
Photo Credit: Arabianeye-Reuters
ADVANCED
2330
0.27% 37.40 0.10

 

Riyadh –Mubasher: Advanced Petrochemicals reported 32% growth in profits for the second quarter of 2015 to SAR 243 million, up from SAR 184.63 million in the same period in 2014, according to a bourse filing.

Meanwhile, profits for the six-month period ended 30 June 2015 increased 3% to SAR 333 million, compared to SAR 322.09 million in the same period the year before.

The petrochemicals company attributed its profit growth during Q2 and H1 to increased sales and lower values.