Advanced Petrochemical Co. reported a net profit after zakat and tax of SAR 567 million in the first nine months of 2019, a rise of 2.5 percent year-on-year (YoY) on higher sales volumes, lower propane and outsourced propylene prices.
The profit was also backed by improved consumption of propane and outsourced propylene.
|Gross Income||614.36||685.00||11.5 %|
|Operating Income||531.86||561.00||5.5 %|
|Net Income||553.09||567.00||2.5 %|
|EPS (Riyal)||2.56||2.62||2.5 %|
The third quarter net profit after zakat and tax grew by 5.3 percent YoY to SAR 213 million due to a reduction in the prices of propane and outsourced polypropylene, and lower consumption of outsourced propylene.
On a sequential basis, Q3 2019 net profit rose 10.8 percent on higher sales volumes, and a reduction in the prices of propane and outsourced polypropylene.
The quarterly figures were also driven by higher profit share from SK Advanced Co. Ltd.
|2019 - Q3 (e)||2019 - Q3 (a)||Change|
|P/E Before Unusual Items (TTM)||13.98|
|Dividend Yield||5.55 %|
|Market Cap. (M)||10,217.38|
|Return on Average Assets||-|
|Return on Average Equity||22.49 %|