Advanced Petrochemical Company (Advanced) provided earnings guidance for the second quarter and six months ended June 30, 2013. For the quarter estimated net profit was SAR 137 million compared to SAR 53.9 million for the same quarter last year with an increase of 154% and compared to SAR 117.9 million for the previous quarter with an increase of 16%. Estimated income from operation was SAR 140 million compared to SAR 58.1 million for the same quarter last year with an increase of 141%. The reasons for the increase in net income are mainly due to the increase in sales quantities and decrease in feedstock prices. The reasons for the increase in net income are mainly due to the increase in sales quantities and reduction in feedstock prices.

For the six months, estimated net profit during was SAR 255 million compared to SAR 111 million for the same period last year with an increase of 130%. Estimated Earnings per share during was SAR 1.553 compared to SAR 0.677 for the same period last year. Estimated income from operation was SAR 262 million compared to SAR 118.7 million for the same period last year with an increase of 121%.