Riyadh-Mubasher: Advanced Petrochemical’s preliminary financial statements showed year-on-year growth of 62.89% in profits for the first quarter of 2016, according to a statement.
The company’s earnings reached SAR 146 million ($39 million) in the first quarter ended 31 March, compared to SAR 89.63 million ($24 million) in the same quarter in 2015.
Operating profits increased by 43.5% to SAR 144 million ($38.4 million) in Q1-15, compared to SAR 100.34 million ($26.75 million) in Q1-14.
