Riyadh – Mubasher: Advanced Petrochemical reported a rise of 0.98% in net profits during the second quarter of fiscal year 2017 compared to the same period of 2016.
The company’s net profit increased to SAR 194 million in Q2-17 from SAR 192.11 million in Q2-16, according to a bourse statement issued on Thursday.
The profits surged 56% in Q2-17, compared to SAR 124.37 million in the previous quarter.
During the six-month period, Advanced Petrochemical’s earnings retreated 4.77% to SAR 319 million from SAR 335 million in the same period in 2016, the statement added.
