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Yanbu National Petrochemical Co.(YANSAB) announces the interim financial results for the period ending on 31-03-2018 (Three Months)

04-30-2018

ELEMENCURRENT QUARTER  SIMILAR QUARTER FOR                       PREVIOUS YEAR          % CURRENT CHANGE         PREVIOUS QUARTER      % CHANGE PREVIOUS                        
NET PROFIT (LOSS)630.6                          608.23.68                                      777.9                                -18.94                                                   
GROSS PROFIT (LOSS)739.8                          728.31.58                                      896.5                                -17.48                                                   
OPERATIONAL PROFIT (LOSS)634.8                          623.21.86                                      779.6                                -18.57                                                   
Earning or loss per share, Riyals1.121.08---
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 despite lower sales quantity and higher average prices of some feedstock materials.
Reasons of increase (decrease) for quarter compared with previous quarterThe decrease in net profit is attributable to lower sales quantity.
OTHER NOTESThe Sales for this quarter amounted to 1,787.2 MSAR compared to the same quarter last year 1,758.5 MSAR an increase of 1.63% and compared to previous quarter 2,166.8 MSAR a decrease of 17.52% . The total comprehensive income for this quarter amounted to 649.9 MSAR compared to the same quarter last year 608.2 MSAR an increase of 6.86% and compared to previous quarter 779.8 MSAR a decrease of 16.66% .;The Shareholders equity (no minority interest) at the end of this period is 17,387.3 MSAR compared to 15,818.6 MSAR at the end of the same period last year with an increase of 9.92%. The Company has adopted the International Financial Reporting Standards (IFRS) No (9) and (15) effective Jan 01,2018.