{"id":95915,"date":"2025-04-10T00:00:00","date_gmt":"2025-04-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/advanced-petrochemical-back-in-the-black-in-1q\/"},"modified":"2025-04-10T00:00:00","modified_gmt":"2025-04-10T00:00:00","slug":"advanced-petrochemical-back-in-the-black-in-1q","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/advanced-petrochemical-back-in-the-black-in-1q\/","title":{"rendered":"Advanced Petrochemical back in the black in 1Q"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/advancedpetrochem.com\/\" style=\"\" rel=\"noopener\">Advanced<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/advancedpetrochem.com\/\" style=\"\" rel=\"noopener\">Petrochemical<\/a><\/strong> <strong> swung back into the black with a net income of SAR 72 mn in <\/strong><strong>1Q 2025<\/strong>, compared to a net loss of SAR 58 mn in the same quarter last year, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86388&anCat=1&cs=2330&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The company recorded no losses from its investment in South Korean petrochemical company <a target=\"_blank\" href=\"http:\/\/www.skadvanced.com\/main.html\" style=\"\" rel=\"noopener\">SK Advanced<\/a> during the quarter, thanks to an earlier impairment provision, whereas it logged a SAR 34 mn loss on the investment in 1Q 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>Revenues were up 91.3% at SAR 614 mn in 1Q 2025, driven by an 88% increase in sales volume.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis: <\/strong>The company narrowed its net losses from SAR 288 mn in 4Q 2024, while revenues grew 6%, up from SAR 579 mn in the previous quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenues almost doubled to SAR 614 mn<\/p>\n","protected":false},"author":1,"featured_media":95916,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[3852,285,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-advanced-petrochemical-company","tag-earnings-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"1dcdcd7d-d398-40f2-837e-eca072dc9096","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/535.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Advanced Petrochemical Company back in the black in 1Q","related_issue":[95897],"teaser":"Revenues almost doubled to SAR 614 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.17013125-df9d-4b65-88f7-2c89aa7e3478.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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