Home / Knowledge / News / Textiles / Income crashes 65.3% at Advanced Petrochemical in Q2

Income crashes 65.3% at Advanced Petrochemical in Q2

13
Aug '12
Advanced Petrochemical Company announces the financial results for the period ended at 30/06/2012 (6 months):

The company's net income during the Q2 of 2012 was SR 53.9 million compared to SR 155.6 million for the same quarter last year with a decrease of 65.3% and compared to SR 57.1 million for the previous quarter with a decrease of 5.6%.

The company’s gross profit during the Q2 of 2012 was SR 67.8 million compared to SR 170.1 million for the same quarter last year with a decrease of 60.1%.

The company's income from operation during the Q2 of 2012 was SR 58.1 million compared to SR 160.6 million for the same quarter last year with a decrease of 63.8%.

The company's net income during the last six months of 2012 was SR 111 million compared to SR 286.7 million for the same period last year with a decrease of 61.3%.

The Earnings per share during the last six months was SR .677 compared to SR 1.748 for the same period last year. Recall that Advanced increased it’s capital from SR 1.41 billion to SR 1.64 billion and the earnings per share were calculated as per the last six months (period ended 30th of June 2012 and 2011) and in accordance to 163,995,000 shares.

The company’s gross profit during the last six months of 2012 was SR 137.2 million compared to SR 315.18 million for the same period last year with a decrease of 56.5%.

Advanced Petrochemical Company


Must ReadView All

Pic: Columbia Sportswear Company

Apparel/Garments | On 30th Jul 2021

US’ Columbia Sportswear targets 30% reduction in emissions by 2030

American outerwear and footwear brand Columbia Sportswear Company has ...

Pic: Oritain

Textiles | On 30th Jul 2021

New Zealand's Oritain & Panda Biotech to develop traceable hemp fibre

New Zealand's Oritain and Panda Biotech have announced a partnership...

Pic: Shutterstock

E-commerce | On 30th Jul 2021

SE Asia digital economy to multiply more than thrice by 2025: RedSeer

Southeast Asia's $114-billion digital economy market across six big...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search