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Advanced celebrated today April 3rd 2010 the successful completion of the Turnaround Project.
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Advanced declared its financial position for the first quarter ended 31/03/2010 18/04/2010
  Advanced declared its financial position for the first quarter ended 31/03/2010, and the financial results for this period were as follows:

1. The company's net profit for the first quarter was SR 52.56 million comparing with a net profit of SR 42.87 million for the same quarter last year with an increase of 22.60% and comparing with a net profit of SR 28.73 million for the last quarter with an increase of 82.94%.

2. The company's gross profit for the first quarter was SR 69.22 million comparing with a profit of SR 63.51 million for the same quarter last year with an increase of 8.99%.

3. The company's income from operation for the first quarter was SR 61.01 million comparing with an income of SR 54.27 million for the same quarter last year with an increase of 12.42%.

4. Advanced stock price gained SR .3718 during the last 3 months, comparing with a gain of SR .3032 for the same period last year.

5. The reason for the increase in the company's net profit for the first quarter of 2010 comparing with the first and last quarter of 2009 was due to the increase in the prices of the Advanced products.
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