Petrochemical co. announces the interim financial results for the period ending on 31-03-2016 (three months)
· Issued by Yanbu National Petrochemical Co.
17 Apr 2016
ELEMENT
CURRENT QUARTER
SIMILAR QUARTER FOR PREVIOUS YEAR
% CHANGE CURRENT
PREVIOUS QUARTER
% CHANGE
NET PROFIT (LOSS)
401.9
285.1
40.97
393.1
2.24
GROSS PROFIT (LOSS)
521.3
412.7
26.31
537.2
-2.96
OPERATIONAL PROFIT (LOSS)
473.8
364
30.16
478.2
30-0.92
EARNING OR LOSS PER SHARE, RIYALS
0.71
0.51
-
-
-
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT
EXPLANATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR
The increase in net profit are attributable to decrease in some of feedstock prices, decrease in slow movement spare parts provision and some of fixed cost despite lower average sales prices for most of the products.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER
The increase in net profit are attributable to decrease in some of feedstock prices and decrease in slow movement spare parts provision despite lower sales quantities.
RECLASSIFICATIONS IN QUARTERLY FINANCIAL RESULTS
Certain amounts have been reclassified to conform to the presentation of current period.
