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Advanced Petrochemical Co. reported a decline in third-quarter net profit due to a 20% drop in sales volumes caused by geopolitical logistics disruptions, despite achieving a 12% increase in overall production. CEO Mamdouh AlAmri noted that performance was further impacted by an 8% rise in propane feedstocks and elevated fixed overhead costs recognized during the period. The company mitigated shipping delays by using alternative land routes to Turkey and Jordan, as well as domestic sales.
