Advanced Petrochemical Co. posted a net profit after zakat and tax of SAR 354 million for the first half of 2019, a rise of 0.9 percent year-on-year (YoY) due to higher sales volumes, along with lower propane and outsourced propylene prices.
|Gross Income||396.28||440.00||11.0 %|
|Operating Income||341.31||359.00||5.2 %|
|Net Income||350.89||354.00||0.9 %|
|EPS (Riyal)||1.78||1.80||0.9 %|
The second-quarter net profit after zakat and tax dropped 24.2 percent YoY to SAR 192 million, hurt by a decline in sales volumes and polypropylene prices amid higher consumption of outsources propylene.
The company also cited lower profit share from SK Advanced Co.
When compared to previous quarter, net profit jumped 18.6 percent driven by higher polypropylene prices, a decline in outsourced propylene costs and fixed production costs.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|P/E Before Unusual Items (TTM)||16.393|
|Dividend Yield||5.55 %|
|Market Cap. (M)||11,802.00|
|Return on Average Assets||-|
|Return on Average Equity||22.19 %|