Advanced says Q2 profit will improve on higher polypropylene prices

05/04/2015 Argaam
Advanced Petrochemical Co.’s second quarter profit is expected to be supported by higher polypropylene prices which correlates with oil prices, 
​c
hairman Khalifa al-Mulhim told al-Arabiya TV.
 
He blamed the higher-than-expected drop in sales in the first quarter on the holiday season i
​n​
 China.
 
The company’s profit dropped 35 percent to SAR 90 million in the first quarter, compared to the same period last year, according to Argaam. 

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