20 Hrs
Source:
الاقتصادية
Al-Eqtisadiah: Al-Mutakaddima optimistic for Q4
The CEO of Advanced Petrochemical clarified that the stability of production operations and the improvement in logistical conditions have significantly contributed to the company's enhanced performance during the fourth quarter, following its return to normal operating rates in the third quarter due to stabilized propane flows. He also pointed out that the 4% decrease in net revenues is mainly attributed to a 20% decline in sales volumes caused by logistical challenges, despite a 20% increase in selling prices. It is expected that production volumes in the fourth quarter will remain similar to those in the third, with sales increasing due to available inventory, provided that profit margins remain stable and operational and logistical conditions continue to improve.
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