31.10 SAR

ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE ESTIMATED FINANCIAL RESULTS FOR THE PERIOD ENDED ON 31 -03- 2025 (THREE MONTHS)

2330

ADVANCED

-0.35 %

1446/10/11     09/04/2025 09:14:35

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue61432191.2775796.044
Gross Profit (Loss)10727296.29619463.157
Operational Profit (Loss)73-25-24
Net profit (Loss)72-58-288
Total Comprehensive Income42-9-346
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity)2,9153,222-9.528
Profit (Loss) per Share0.277-0.226
All figures are in (Millions) Saudi Arabia, Riyals
Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year isThe 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 isThe 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 isThe 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 isThe 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 reportUnmodified 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 ItemsNone
Additional InformationThe 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.

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