Increasing sales push Saudi Arabia's Advanced Petrochemical net profit, share price higher
2012-01-26 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Riyadh market measure Tadawul All Share Index (Tasi) added 0.15% Wednesday, closing at 6,476.86 points. Sabic shares finished flat at SR91.75. Advanced Petrochemical Company gained 1.37% to reach SR29.60. In 2011, as it was revealed earlier in the day, the firm achieved a 56% higher net profit than in the year before, amounting to SR512.8m. "The reasons for the increase in net profit of 2011 compared to the same period in 2010 are mainly due to the improved product prices and increased sales," Advanced Petrochemical said in a statement.  

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