Yanbu National Petrochemical Company SJSC

04/24/2019 | Press release | Distributed by Public on 04/24/2019 07:16

20190424 - Yanbu National Petrochemical Co. YANSAB announces the interim financial results for the period ending on 31-03-2019 (Three Months)

20190424 - Yanbu National Petrochemical Co. YANSAB announces the interim financial results for the period ending on 31-03-2019 (Three Months)

4/24/2019

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 1,522 1,787.2 -14.838 1,619.4 -6.014
Total Profit (Loss) 472.5 739.8 -36.131 348.8 35.464
Profit (Loss) Operational 379 634.8 -40.296 199.6 89.879
Net Profit (Loss) after Zakat and Tax 390.6 630.6 -38.058 233.5 67.28
Total Comprehensive Income 373.7 649.9 -42.498 286.9 30.254

All figures are in (Millions) Saudi Arabia, Riyals

Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (after deducting minority equity) 17,629.4 17,387.3 1.392
Profit (Loss) per Share 0.69 1.12

All figures are in (Millions) Saudi Arabia, Riyals

Element List Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The decrease in net profit is attributable to lower average sales prices for all of the products despite higher production and sales quantity and lower average prices of some feedstock materials
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The increase in net profit is attributable to higher production and sales quantity resulted from Ethylene Glycol scheduled turnaround activities and implementation of the EG DBN project as announced in Tadawul on 10 October 2018. In addition to lower of production's inputs average cost, despite continues lower sales prices for all of the products
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Certain amounts have been reclassified to conform to the presentation of current period
Additional Information The Company has adopted IFRS 16 from its mandatory adoption date 1 January 2019, adopting IFRS 16 did not have any material impact on the interim condensed financial statements of the Company