Advanced Petrochemical Company announced earnings results for the fourth quarter and twelve months ended December 31, 2016. For the quarter, the company reported net profit of SAR 210.05 million compared to SAR 146.08 million in the same period a year earlier. Operational profit was SAR 185.17 million compared to SAR 148.1 million a year ago. The increase in net profit is mainly attributable to increase in sales quantities and sales price in addition to share of profit on equity investment in SK Advanced Co. Ltd. For the twelve months period, for the company reported net profit of SAR 730.66 million compared to SAR 713.03 million a year ago. Operational profit was SAR 714.21 million compared to SAR 742.52 million a year ago. Earnings per share were SAR 3.71 compared to SAR 3.62 a year ago.