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Yanbu National Petrochemical Company (TADAWUL: 2290).

Yanbu National Petrochemical Company (Yansab) is a Saudi Joint Stock Company registered in the Kingdom of Saudi Arabia under Commercial Registration number 4700009432 dated 12 Muharram 1427H corresponding to 11 February 2006.

The objectives of Yansab are to engage in manufacturing of petrochemical products (Ethylene, Ethylene Glycol, High Density Polyethylene, Low Linear Density Polyethylene, Polypropylene, Butene 1, Butene 2, MTBE and BTX) in accordance with its Articles of Association, and other applicable regulations in the Kingdom. The Company commenced its Commercial operations on 1 March 2010.

http://www.yansab.com.sa/

Yanbu National Petrochemical Co. YANSAB announces the interim financial results for the period ending on 30-06-2019 (Six Months)

21/07/2019

   Element List      Current  Similar        %Change  Previous  % Change
                     Quarter  quarter for             Quarter
                              previous year

Sales/Revenue        1,638    2,111.5        -22.424  1,522       7.621
Total Profit (Loss)    431.6    937.6        -53.967    472.5    -8.656
Profit (Loss)          329.5    816.2        -59.629    379     -13.06
Operational
Net Profit (Loss)      316.1    820.9        -61.493    390.6   -19.073
after Zakat and Tax
Total Comprehensive    299.9    821.5        -63.493    373.7   -19.748
Income

       Element List         Current    Similar        %Change
                            Period     period for
                                       previous year

Sales/Revenue                3,160      3,898.7       -18.947
Total Profit (Loss)            904.1    1,677.4       -46.101
Profit (Loss) Operational      708.5    1,451         -51.171
Net Profit (Loss) after        706.8    1,451.5       -51.305
Zakat and Tax
Total Comprehensive Income     673.5    1,471.4       -54.227
Total Share Holders Equity  15,819.9   16,240.1        -2.587
(after deducting minority
equity)
Profit (Loss) per Share          1.26       2.58

         Element List                         Explanation

Reason for increase             The decrease in net profit is
(decrease) in net profit for    attributable to lower average sales
current quarter compared to     prices for all of the products despite
the same quarter of the         higher production, sales quantity and
previous year                   lower prices of some feedstock
                                materials
Reason for increase             The decrease in net profit is
(decrease) in net profit for    attributable to higher production's
current quarter compared to     inputs average cost and lower average
the previous quarter            sales prices for some of the products
                                despite higher sales quantity
Reason for increase             The decrease in net profit is
(decrease) in net profit for    attributable to lower average sales
current period compared to      prices for all of the products despite
the similar period of the       higher sales quantity
previous year
Type of the external auditor's  Unmodified opinion
opinion

http://www.yansab.com.sa/en/news/20178-yansab-announces-the-interim-financial-results-for-the-second-quarter

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Title Annotation:Leading Companies
Publication:Saudi Arabia Petrochemicals, Oil and Gas
Date:Oct 17, 2019
Words:428
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