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Yanbu National Petrochemical Co. announces its Annual financial results for the period ending on 2018-12-31


Element ListCurrent YearPrevious Year%Change
Total Profit (Loss)2,865.42,870.3-0.17
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)17,255.716,737.43.096
Profit (Loss) per Share4.294.22
All figures are in (Millions) Saudi Arabia, Riyals

Element ListExplanation
Reason for increase (decrease) in net profit for current year compared to last yearThe 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
Type of the external auditor's opinionUnmodified opinion