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Yanbu National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2021-12-31 (Twelve Months)

1/20/2022

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue1,922.11,378.639.4241,779.68.007
Gross Profit (Loss)507.1475.16.735343.647.584
Operational Profit (Loss)382.2371.32.935215.477.437
Net Profit (Loss) after Zakat and Tax335332.70.691179.886.318
Total Comprehensive Income39023069.565167.5132.835
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue7,407.75,034.947.127
Gross Profit (Loss)2,154.31,088.797.878
Operational Profit (Loss)1,651727.6126.91
Net Profit (Loss) after Zakat and Tax1,531.3677.6125.988
Total Comprehensive Income1,604530.1202.584
Total Share Holders Equity (after Deducting Minority Equity)15,042.414,985.50.379
Profit (Loss) per Share2.721.2
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 increase in net profit is attributable to higher average sales prices for all of the products despite higher production’s inputs average cost .
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year isThe increase in net profit is attributable mainly to higher production and sales quantity. Noting that during last quarter the Company announced a temporary shutdown to perform maintenance activities as announced on Tadawul's Website on 11 July, 2021. Despite the higher production’s inputs average cost and lower average sales prices for some products.
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 mainly to higher average sales prices for all of the products, despite the following:

 

1. 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

2. Higher production’s inputs average cost.

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