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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 31/03/2011 11/04/2011
  Advanced declared its financial position for the first quarter ended 31/03/2011, and the financial results for this period were as follows:

1.The company's net profit for the first quarter was SR 131.11 million comparing with a net profit of SR 52.56 million for the same quarter last year with an increase of 149.42% and comparing with a net profit of SR 89.36 million for the last quarter with an increase of 46.71%.

2.The company's gross profit for the first quarter was SR 145.05 million comparing with a profit of SR 69.22 million for the same quarter last year with an increase of 109.52%.

3.The company's income from operation for the first quarter was SR 135.8 million comparing with an income of 61.01 million for the same quarter last year with an increase of 122.6%.

4.Advanced stock price gained SR .9274 during the last 3 months, comparing with a gain of SR .3718 for the same period last year.

5.The reason for the increase in the company's net profit for the first quarter of 2011 comparing with the first and last quarter of 2010 was due to the increase in the prices of the Advanced products and in production.
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