Advanced Petrochemicals Q4 net profit slips 2.1% RIYADH, January 11, 2021 Saudi Arabia’s Advanced Petrochemicals has posted a net profit of SR180 million ($47.9million) in the fourth quarter (Q4) of the year, as against SR192 million in Q4 2019, marking a fall of 2.1%, a report said. The company earned a revenue of SR632 million during the period, as against SR 618 million during the corresponding period in 2019, said Al Rajhi Capital, a leading financial services provider in the kingdom. Higher-than-expected COGS and SG&A costs due to seasonality factors are likely to have pushed gross and operating profits slightly below estimates, the report said.