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ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE ESTIMATED FINANCIAL RESULTS FOR THE PERIOD ENDED ON 31 -03- 2025 (THREE MONTHS)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 614 | 321 | 91.277 | 579 | 6.044 |
| Gross Profit (Loss) | 107 | 27 | 296.296 | 19 | 463.157 |
| Operational Profit (Loss) | 73 | -25 | - | -24 | - |
| Net profit (Loss) | 72 | -58 | - | -288 | - |
| Total Comprehensive Income | 42 | -9 | - | -346 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,915 | 3,222 | -9.528 |
| Profit (Loss) per Share | 0.277 | -0.226 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The reasons of the Increase in the net revenues are due to the following: Increase in the sales volume by 88% during the current quarter, noting that the periodic scheduled maintenance was conducted during the same quarter of the last year. Increase in netback prices by 2% |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The reasons of the Increase in the net profit are due to the following: Increase in the net revenues by 91%. No share in the losses on investment in SK Advanced during the current quarter as a result of recording a provision for impairment of investment in SK Advanced during last year, while the share in losses on investment in SK Advanced amounting to SAR 34 million during the same quarter of the last year. The above increase is despite the increase in propane prices by 8%. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reasons of the Increase in the net revenues are the following: Increase in the sales volume by 3%. Increase in netback price by 4% |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reasons of the Increase in the net profit are the following: Increase in the net revenues by 6%. Decrease in propane price by 8%. No share in the losses on investment in SK Advanced as a result of recording a provision for impairment of investment in SK Advanced amounting to SAR 212 million in addition to share in losses amounting to SAR 37 million during the previous quarter. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | These estimated financial results for the period ending on March 31, 2025, have been prepared by the company's management and have not been audited or reviewed by its external auditor. |
| Reclassification of Comparison Items | None |
| Additional Information | The change in other comprehensive income is mainly due to the profit loss incurred during the period in addition to unrealized fair value gain (loss) on the equity investment. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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