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.
Yanbu National Petrochemical Co. YANSAB announces the interim financial results for the period ending on 30-06-2019 (Six Months)
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
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|Title Annotation:||Leading Companies|
|Publication:||Saudi Arabia Petrochemicals, Oil and Gas|
|Date:||Oct 17, 2019|
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