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Advanced Petrochemical Co Swings to H1 Loss; Revenue Up

MT Newswires·07/21/2026 10:51:46
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10:51 AM EDT, 07/21/2026 (MT Newswires) -- Advanced Petrochemical Co (SASE:2330) said Tuesday it swung to an attributable net loss for the first half, while revenue rose year over year. Net loss attributable to shareholders of the issuer for the six months ended June 30 was 69 million Saudi riyals, compared with a profit of 153 million riyals earlier. Loss per share was 0.264 riyal, against an EPS of 0.593 riyal. The Tadawul-listed propylene and polypropylene products company's revenue was 1.91 billion riyals, compared with 1.31 billion riyals a year ago.