Yanbu National Petrochemical Company SJSC

10/23/2018 | Press release | Distributed by Public on 10/23/2018 01:37

Yanbu National Petrochemical Co. YANSAB announces the interim financial results for the period ending on 30-09-2018 (Nine Months)

Yanbu National Petrochemical Co. YANSAB announces the interim financial results for the period ending on 30-09-2018 (Nine Months)

10-23-2018

ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CURRENT CHANGE PREVIOUS QUARTER % CHANGE PREVIOUS
NET PROFIT (LOSS) 729 644.6 13.09 820.9 -11.20
GROSS PROFIT (LOSS) 839.2 780.3 7.55 937.6 -10.49
OPERATIONAL PROFIT (LOSS) 710.8 653.6 8.75 816.2 -12.91
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
NET PROFIT (LOSS) 2,180.5 1,598.5 36.41
GROSS PROFIT (LOSS) 2,516.7 1,973.8 27.51
OPERATIONAL PROFIT (LOSS) 2,161.8 1,634.5 32.26
EARNING OR LOSS PER SHARE, RIYALS 3.88 2.84 -
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT EXPLANATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR The increase in net profit is attributable to higher average sales prices for most of the products, despite the increase in prices of some feedstock materials
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR The increase in net profit is attributable to higher average sales prices for most of the products and higher production and sales volumes due to Turnaround activities during 2nd Quarter 2017 as announced in Tadawul on 29th March 2017, despite the increase in prices of some feedstock materials
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER The decrease in net profit is attributable to increase in prices of some feedstock materials in addition to the lower average sales prices for most of the products, despite the higher sales quantities
OTHER NOTES