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| APPC announced its net profit |
12/10/2008 |
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 APPC announced its net profit of 286.2 million SR for the last 9 months comparing with 2.2 million SR for same period last year. This is a %12909 increase and the reasons behind the big increase in profits are due to the marketing and selling strategies the company is following. APPC stock profit is calculated to be 2.02 SR comparing with .016 SR for the same period last year 20007. The stock profit was calculated by dividing the net profit over the actual average number of stocks for the same period.
Also, the company announced its net profit from the operation sector to be 306.6 million SR for the last 9 months. The company’s commercial production was started in the last month of August. The company’s net profit for the third quarter 2008 is 210.4 million SR comparing with a net loss of non-operational costs of 63.4 thousands SR. |
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