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Yanbu National Petrochemical Co. announces the interim financial results for the period ending on 31-12-2018 (Twelve Months)

01-28-2019

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CURRENT CHANGEPREVIOUS QUARTER% CHANGE PREVIOUS
SALES/REVENUE1,619.42,166.8-25.2632,2110.4-23.265
TOTAL PROFIT (LOSS)348.8896.5-61.093839.2-58.436
OPERATIONAL PROFIT (LOSS)199.6779.6-74.397710.8-71.918
NET PROFIT (LOSS) AFTER ZAKAT AND TAX 233.5777.9-69.983729-67.969
TOTAL COMPREHENSIVE INCOME 286.9779.8 -63.208728.7-60.628
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
SALES/REVENUE7,628.57,220.95.644
TOTAL PROFIT2,865.42,870.3-0.17
PROFIT (LOSS) OPERATIONAL2,361.52,414.1-2.178
NET PROFIT (LOSS) AFTER ZAKAT AND TAX2,4142,376.41.582
TOTAL COMPREHENSIVE INCOME2,4872,369.44.963
TOTAL SHARE HOLDERS EQUITY (AFTER DEDUCTING MINORITY EQUITY) 17,255.716,737.43.097
PROFIT (LOSS) PER SHARE4.294.22
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTEXPLANATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEARThe decrease in net profit is attributable to lower average sales prices for all of the products and consistency of production’s inputs average cost in addition to lower production and sales quantity resulted from Ethylene Glycol scheduled turnaround activities and implementation of the EG DBN project as announced in Tadawul on 10 October 2018.
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEARThe decrease in net profit is attributable to lower average sales prices for all of the products and consistency of production’s inputs average cost in addition to lower production and sales quantity resulted from Ethylene Glycol scheduled turnaround activities and implementation of the EG DBN project as announced in Tadawul on 10 October 2018.
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 reduction in Financing costs and non-operating expenses despite higher average prices of some feedstock materials and lower sales quantity resulted from Ethylene Glycol scheduled turnaround activities and implementation of the EG DBN project as announced in Tadawul on 10 October 2018.
OTHER NOTESUnmodified opinion