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Advanced Petrochemical Posts Estimated Loss in H1; Revenue Up

MT Newswires·07/12/2026 03:11:02
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03:11 AM EDT, 07/12/2026 (MT Newswires) -- Advanced Petrochemical Co. (SASE:2330) said Sunday that it fell to an estimated attributable loss for the first half, while revenue jumped year over year. Estimated net loss attributable to shareholders of the issuer for the six months ended June 30 was 69 million Saudi riyals, compared with an attributable profit of 153 million riyals a year ago. Loss per share moved to 0.264 riyal from EPS of 0.593 riyal. The Saudi Arabia-listed propylene and polypropylene products company's revenue was 1.91 billion riyals, compared with 1.31 billion riyals earlier.