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KSA's Advanced Petrochemical net income, shares decline
- Saudi Arabia: Sunday, January 27 - 2013 at 18:04
The Saudi Arabian equity market measure Tadawul All-Share Index ended Sunday trading unchanged at 7,023.74 points. Sabic gained fo third day straight (up 0.25% at SR93.5). Its rival Advanced Petrochemical Company fell 0.73% to SR27.20. Earlier in the day, the Jubail-based producer of propylene said the net income for the year 2012 was SR328.2m compared to SR512.8m for the last year with a decrease of 36%. Advanced Petrochemical added the reason for the decline in net income "is mainly due to decline in product prices and decrease in sales quantities due to planned turnaround activity during the second quarter of 2012.
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Gérard Al-Fil, Financial JournalistSunday, January 27 - 2013 at 18:04 UAE local time (GMT+4)
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