Advanced Petrochemical Co. reported a net profit after Zakat and tax of SAR 759 million for fiscal year 2019, up by 5.86% year-on-year (YoY) due to a 6.2% increase in sales volume and a 26.5% decrease in prices of propane.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 2,748.21 | 2,594.51 | (5.6 %) |
| Gross Income | 827.58 | 899.20 | 8.7 % |
| Operating Income | 700.38 | 732.22 | 4.5 % |
| Net Income | 716.96 | 759.31 | 5.9 % |
| Average Shares | 260.00 | 260.00 | - |
| EPS (Riyals) | 2.76 | 2.92 | 5.9 % |
The company also cited a 14.5% jump in profit share from South-Korea’s associated company, SK Advanced Co.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 749.79 | 618.40 | (17.5 %) |
| Gross Income | 213.22 | 213.67 | 0.2 % |
| Operating Income | 168.51 | 171.22 | 1.6 % |
| Net Income | 163.87 | 192.01 | 17.2 % |
| Average Shares | 260.00 | 260.00 | - |
| EPS (Riyals) | 0.63 | 0.74 | 17.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 647.18 | 618.40 | (4.4 %) |
| Gross Income | 245.26 | 213.67 | (12.9 %) |
| Operating Income | 201.94 | 171.22 | (15.2 %) |
| Net Income | 213.12 | 192.01 | (9.9 %) |
| Average Shares | 260.00 | 260.00 | - |
| EPS (Riyals) | 0.82 | 0.74 | (9.9 %) |
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