ADVANCED PETROCHEMCICAL COMPANY ANNOUNCES INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31.03.2013 (3 MONTHS).
1. The company's net profit during the Q1-2013 was SR117.9 million compared to SR 57.1 million for the same quarter last year with an increase of 106.5 % and compared to SR 117 million for the previous quarter with an increase of 1 %.
2. The company's gross profit during the Q1-2013 was SR 132.8 million compared to SR 69.3 million for the same quarter last year with an increase of 92%.
3. The company's income from operation during the Q1-2013 was SR 121.7 million compared to SR 60.6 million for the same quarter last year with an increase of 100.8%.
4. The company's Earnings per share during 3 months was SR 0.719 compared to SR 0.348 for the same period last year.
5. The reasons for the increase in net income of Q1-2013 compared to Q1-2012 are due to increase in product prices and sales quantities.
6. The reason for the increase in net income of Q1-2013 compared to the Q4-2012 is due to increase in product prices.
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