Riyadh-Mubasher: Advanced Petrochemical Co.’s (APC) earnings for the second quarter of 2015 exceeded forecasts, Alistithmar Capital said in a report.

The research firm recommended ‘Neutral’ on the stock, setting the target price at SAR 60.

The petrochemical producer posted SAR 243 million in net earnings for the second quarter, rising 32% compared with SAR 184.63 million in the same period a year ago.