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Yanbu National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )
7/26/2021
| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 1,983 | 1,020.7 | 94.278 | 1,723 | 15.089 |
| Gross Profit (Loss) | 772 | 137.1 | 463.092 | 531.5 | 45.249 |
| Operational Profit (Loss) | 639.8 | 52.9 | 1,109.451 | 413.5 | 54.727 |
| Net Profit (Loss) after Zakat and Tax | 596.3 | 44.8 | 1,231.026 | 420.3 | 41.874 |
| Total Comprehensive Income | 536.9 | 17.4 | 2,985.632 | 509.4 | 5.398 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Sales/Revenue | 3,706 | 2,215.6 | 67.268 |
| Gross Profit (Loss) | 1,304 | 336.4 | 287.633 |
| Operational Profit (Loss) | 1,053.3 | 155.3 | 578.235 |
| Net Profit (Loss) after Zakat and Tax | 1,017 | 149.3 | 581.178 |
| Total Comprehensive Income | 1,046.3 | 121.9 | 758.326 |
| Total Share Holders Equity (after Deducting Minority Equity) | 14,485 | 14,577.2 | -0.632 |
| Profit (Loss) per Share | 1.81 | 0.27 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| ELEMENT LIST | EXPLANATION |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The increase in net profit is attributable to higher average sales prices for all of the products despite higher of some feedstock average cost and higher Zakat provision. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The increase in net profit is attributable to higher average sales prices for most of the products and higher production and sales quantity, despite higher Zakat provision.
Noting that during last quarter there was scheduled Turnaround for some company's plants to conduct preventive maintenance as announced on Tadawul's Website on 26 January 2021 , in addition to recording an impairment against capital work in progress cost with an amount of 64 million Saudi Riyal. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The increase in net profit is attributable to higher average sales prices for all of the products, despite higher production’s inputs average cost and higher Zakat provision.
Noting that during current period there was scheduled Turnaround for some company's plants to conduct preventive maintenance as announced on Tadawul's Website on 26 January 2021 , in addition to recording an impairment against capital work in progress cost with an amount of 64 million Saudi Riyal. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain prior period figures have been re-classified to be aligned with the presentation in the current period |