The profits of advanced petrochemical company increased by 64.4% to reach SR 171 million during the first quarter of 2021 compared to SR 104 million in the same quarter of 2020.
According to Arab Net, on a quarter of an annual, a net profit fell by 5%, compared with net profit in the fourth quarter of 2020, 180 million riyals.
The rise in the first quarter of 2021 rose for 2021 percent, compared to the first quarter of 2020, is a 36% rise, and the increase in profits from SKI Advanced Ltd., South Korea, 187%.
The advanced net profit in the first quarter of 2021, rose on an annual basis, although the quantity of sales increased by 13% as a result of the company's major periodic maintenance work scheduled for the first quarter of 2021, and the rise in propane prices and Probillin purchased from external sources By 22% and 11%, respectively, the propylene rise from external sources increased by 126%, and the increase in administrative and public expenses by 65%, and the rise in the benefits of loans resulting from the financing of the company's share in the company's advanced project for polyololia.
