THIS SITE USES COOKIES

The cookie settings on this website are set to 'allow all cookies' to give you the very best experience. If you continue without changing these settings, you consent to this - but if you want, you can change your settings at any time at the bottom of this page.



Yanbu National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

10/20/2021

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue1,779.61,440.723.5231,983-10.257
Gross Profit (Loss)343.6277.223.953772-55.492
Operational Profit (Loss)215.42017.164639.8-66.333
Net Profit (Loss) after Zakat and Tax179.8195.6-8.077596.3-69.847
Total Comprehensive Income167.5178.2-6.004536.9-68.802
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue5,485.63,656.450.027
Gross Profit (Loss)1,647.2613.6168.448
Operational Profit (Loss)1,268.7356.3256.076
Net Profit (Loss) after Zakat and Tax1,196.4344.9246.883
Total Comprehensive Income1,213.9300.1304.498
Total Share Holders Equity (after Deducting Minority Equity)14,652.514,755.4-0.697
Profit (Loss) per Share2.130.61
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isThe decrease in net profit is attributable to lower production and sales quantity resulted from temporary shutdown for all Plants as announced on Tadawul's Website on 11 July 2021. In addition to higher average prices of some feedstock materials . Noting that higher average sales prices for all of the products contributed on limiting this decrease.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year isThe decrease in net profit is attributable to lower revenue resulted from lower average sales prices for most of the products approximately by 9% with sustaining the sales quantities and the effect of the temporary shutdown for all Plants as announced on Tadawul's Website on 11 July 2021. In Addition to the increase in cost of revenue resulted from higher average prices of some feedstock materials approximately by 24%.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isThe increase in net profit is attributable to higher average sales prices for all of the products, despite lower production and sales quantity, resulted from Turnaround and Shutdown for company's plants as announced on Tadawul's Website on 26 January 2021 & 11 July 2021 and higher average prices of some feedstock materials.
Statement of the type of external auditor's reportUnmodified conclusion
Reclassification of Comparison ItemsCertain prior period figures have been re-classified to be aligned with the presentation in the current period