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Yanbu National Petrochemical Co. announces the interim financial results for the period ending on 30-06-2018 (Six Months)

07-26-2018

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CURRENT CHANGEPREVIOUS QUARTER% CHANGE PREVIOUS
NET PROFIT (LOSS)820.9345.7137.46630.630.18
GROSS PROFIT (LOSS)937.6465.2101.55739.826.74
OPERATIONAL PROFIT (LOSS)816.2357.7128.18634.828.58
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
NET PROFIT (LOSS)1,451.5953.952.16
GROSS PROFIT (LOSS)1,677.41,193.440.56
OPERATIONAL PROFIT (LOSS)1,451980.947.93
EARNING OR LOSS PER SHARE, RIYALS2.581.7-
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 most of the products and higher production and sales volumes due to Turnaround activities during 2nd Quarter 2017 as announced in Tadawul on 29th March 2017, despite the increase in prices of some feedstock materials..
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEARThThe increase in net profit is attributable to higher average sales prices for most of the products and higher production and sales volumes due to Turnaround activities during 2nd Quarter 2017 as announced in Tadawul on 29th March 2017, despite the increase in prices of some feedstock materials.e 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 most of the products and higher sales quantity.
OTHER NOTESThe Sales for this quarter amounted to 2,111.5 MSAR compared to the same quarter last year 1,362.1 MSAR an increase of 55.02% and compared to previous quarter 1,787.2 MSAR an increase of 18.15% The Sales for this period amounted to 3,898.7 MSAR compared to the same period last year 3,120.6 MSAR an increase of 24.93%. The total comprehensive income for this quarter amounted to 821.5 MSAR compared to the same quarter last year 345.7 MSAR an increase of 137.63% and compared to previous quarter 649.9 MSAR an increase of 26.40% . The total comprehensive income for this period amounted to 1,471.4 MSAR compared to the same period last year 953.9 MSAR an increase of 54.25%. The Shareholders equity (no minority interest) for this period amounted to 16,240.1 MSAR compared to the same period last year 15,320.5 MSAR an increase of 6%. The External Auditor reviewed the financial statements and issued unmodified report. The Company has completed full repayment of all Loans and Financing Facilities, which has been obtained previously as announced on Tadawul on 18 June 2006, the Loans and Financing Facilities repayment was made on 30 June 2018