The financial statements of the advanced petrochemical company showed that the company's profits in the second quarter of this year decreased by 19.4% on an annual basis.
According to the results of the company for the Saudi market (Tadawul) today, Sunday, the profits of the period amounted to 155 million riyals, compared to profits of 192.31 million riyals in the second quarter of 2019. p>
The company said in the statement that the decrease in profits during the comparison periods is due to a decrease in sales prices by 26.7%, and an increase in consumption of propylene purchased from external sources by 19.9%. p>
The company achieved profits of 259 million riyals during the first half of this year, compared to a profit of 354.18 million riyals for the same period in 2019, a decrease of 26.9%. < / p>
