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Yanbu National Petrochemical Co. YANSAB announces the interim financial results for the period ending on 31-03-2019 (Three Months)

24/04/2019

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue1,5221,787.2-14.8381,619.4-6.014
Total Profit (Loss)472.5739.8-36.131348.835.464
Profit (Loss) Operational379634.8-40.296199.689.879
Net Profit (Loss) after Zakat and Tax390.6630.6-38.058233.567.28
Total Comprehensive Income373.7649.9-42.498286.930.254

All figures are in (Millions) Saudi Arabia, Riyals

Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after deducting minority equity)17,629.417,387.31.392
Profit (Loss) per Share0.691.12

All figures are in (Millions) Saudi Arabia, Riyals

Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous yearThe decrease in net profit is attributable to lower average sales prices for all of the products despite higher production and sales quantity and lower average prices of some feedstock materials
Reason for increase (decrease) in net profit for current quarter compared to the previous quarterThe increase in net profit is attributable to higher 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. In addition to lower of production’s inputs average cost, despite continues lower sales prices for all of the products
Type of the external auditor's opinionUnmodified opinion
Reclassifications in quarter financial resultCertain amounts have been reclassified to conform to the presentation of current period
Additional InformationThe Company has adopted IFRS 16 from its mandatory adoption date 1 January 2019, adopting IFRS 16 did not have any material impact on the interim condensed financial statements of the Company