Advanced Petrochemical Company provided earnings guidance for the second quarter and six months ended June 30, 2017. For the quarter, the company expects net profit of SAR 194 million and operational profit of SAR 192 million. The net profit is slightly improved compared to same quarter last year due to increase in share in profit on equity investment in SK Advanced Co. Ltd. (associated company) despite the marginal reduction in operational profit as a result of increase in feedstock prices despite increase in sales volume and higher selling prices. For the six months, the company expects net profit of SAR 319 million, operational profit of SAR 309 million and earnings per share of SAR 1.62. The decrease in net profit compared to same period last year is mainly attributable to reduction in sales quantities due to planned shut down of production facilities in first quarter of 2017 for proactive efficiency improvement activities partially improve by increase in share in profit on equity investment in SK Advanced Co. Ltd.