Riyadh-Mubasher: Advanced Petrochemical Co. (APC) posted net earnings of SAR 146 million for the fourth quarter of 2015, a fall of 27% compared with SAR 200 million in the year-ago period.
The 12-month net profits also declined 5% year-on-year from SAR 751 million to SAR 713 million.
The fourth-quarter profit decline was attributable to decrease in polypropylene prices, the company said.
It added that the drop in full-year profit was due to achieving realised gains from available for sale investments last year.
