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Yanbu National Petrochemical Co. YANSAB announces the interim financial results for the period ending on 30-09-2018 (Nine Months)

10-23-2018

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CURRENT CHANGEPREVIOUS QUARTER% CHANGE PREVIOUS
NET PROFIT (LOSS)729644.613.09820.9-11.20
GROSS PROFIT (LOSS)839.2780.37.55937.6-10.49
OPERATIONAL PROFIT (LOSS)710.8653.68.75816.2-12.91
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
NET PROFIT (LOSS)2,180.51,598.536.41
GROSS PROFIT (LOSS)2,516.71,973.827.51
OPERATIONAL PROFIT (LOSS)2,161.81,634.532.26
EARNING OR LOSS PER SHARE, RIYALS3.882.84-
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, despite the increase in prices of some 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 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 QUARTER COMPARED WITH PREVIOUS QUARTERThe decrease in net profit is attributable to increase in prices of some feedstock materials in addition to the lower average sales prices for most of the products, despite the higher sales quantities
OTHER NOTES