THIS SITE USES COOKIES

The cookie settings on this website are set to 'allow all cookies' to give you the very best experience. If you continue without changing these settings, you consent to this - but if you want, you can change your settings at any time at the bottom of this page.



Yanbu National Petrochemical Co. YANSAB announces the interim financial results for the period ending on 31-12-2017 (Twelve Months)

01-31-2018

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CURRENT CHANGEPREVIOUS QUARTER% CHANGE PREVIOUS
NET PROFIT (LOSS)777.960728.15644.620.68
GROSS PROFIT (LOSS)896.5732.622.37780.314.89
OPERATIONAL PROFIT (LOSS)779.6587.732.65653.619.28
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
NET PROFIT (LOSS)2,376.42,344.41.36
GROSS PROFIT (LOSS)2,870.32,881.3-0.38
OPERATIONAL PROFIT (LOSS)2,414.12,422.9-0.36
EARNING OR LOSS PER SHARE, RIYALS4.224.17-
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTEXPLANATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEARThe increase in net profit is attributable to higher average sales prices for all products in addition to the increase in production and sales quantities despite higher average prices of feedstock materials.
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEARThe increase in net profit is attributable to higher average sales prices for all products despite higher average prices of all feedstock materials and decrease in production and sales quantities due to Shutdown activities as announced in Tadawul on 29th March 2017.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTERThe Increase in net profit is attributable to higher average sales prices for all products despite higher average prices of feedstock materials.
OTHER NOTESSales for this quarter amounted to 2,166.8 MSAR compared to the same quarter last year 1,645.1 MSAR with an increase of 31.71% and compared to previous quarter 1,933.4 MSAR with an increase of 12.07% . Sales for this period amounted to 7,220.9 MSAR compared to the same period last year 6,230.6 MSAR with an increase of 15.89%. Total comprehensive income for this quarter amounted to 779.8 MSAR compared to the same quarter last year 663.8 MSAR with an increase of 17.48% and compared to previous quarter 635.8 MSAR with an increase of 22.65% . Total comprehensive income for this period amounted to 2,369.4 MSAR compared to the same period last year 2,351.7 MSAR with an increase of 0.75%. Shareholders equity (no minority interest) for this period amounted to 16,737.4 MSAR compared to the same period last year 16,055.5 MSAR with an increase of 4.25%. The Company has adopted the International Financial Reporting Standards (IFRS) effective January 1, 2017. Accordingly, some changes in the Company's financial statements have been made in a number of items in the measurement, recognition, presentation and disclosure method for the current and comparative periods in accordance with the accounting policies adopted in accordance with the standards And other standards approved by the Saudi Organization for Certified Public Accountants. For further details, refer to Note 6 (First time adoption of IFRS) in the notes attached to the interim financial statements for the period ended 31 March 2017.