BRIEF-Advanced Petrochemical Reports Q2 Loss

ADVANCED
Tadawul All Shares Index

ADVANCED

2330.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

July 12 (Reuters) - Advanced Petrochemical Co SJSC 2330.SE:

  • ADVANCED PETROCHEMICAL Q2 NET PROFIT SAR -98 MILLION VERSUS PROFIT OF SAR 82 MILLION YEAR AGO

  • ADVANCED PETROCHEMICAL Q2 SALES SAR 827 MILLION VERSUS SAR 698 MILLION YEAR AGO

  • ADVANCED PETROCHEMICAL - QUARTER SAW DECREASE IN SALES VOLUME BY 12%

  • ADVANCED PETROCHEMICAL: QUARTER SAW INCREASE IN THE NETBACK PRICES BY 34%

  • ADVANCED PETROCHEMICAL - QUARTER SAW LOWER PRODUCTION VOLUME BY 27%

  • ADVANCED PETROCHEMICAL - QUARTER SAW INCREASE IN NETBACK PRICES BY 6%

  • ADVANCED PETROCHEMICAL:BEGINNING OF JUNE , PROPANE SUPPLY WAS BACK TO NORMAL AND CO REACHED FULL PRODUCTION CAPACITY ACROSS ALL ITS PLANTS DURING JUNE

  • ADVANCED PETROCHEMICAL - SAW LOWER PROPANE SUPPLY IN APRIL AND MAY 2026

  • ADVANCED PETROCHEMICAL:LOOKING AHEAD, POLYMER SELLING PRICES STARTED SOFTENING IN LATE JUNE AND EARLY JULY

  • ADVANCED : RECENTLY REDUCTION IN PROPANE PRICES, LOGISTICS COSTS ARE EXPECTED TO HELP MAINTAIN NETBACK-TO-PROPANE SPREAD IN Q3 AT LEVELS CLOSE Q2

  • ADVANCED : WILL ALSO CONSIDER RESUMING DIVIDEND DISTRIBUTIONS TO SHAREHOLDERS SHOULD MARKETS STABILIZE

Source text: ID:nSSE8xk0kK

Further company coverage: 2330.SE


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