Petrochemical company announces the interim financial results for the period ending on 30-06-2015 (three months)
· Issued by Yanbu National Petrochemical Co.
YANBU NATIONAL PETROCHEMICAL COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30-06-2015 (THREE MONTHS)
26 Jul 2015
ELEMENT
CURRENT QUARTER
SIMILAR QUARTER FOR PREVIOUS YEAR
% CURRENT CHANGE
PREVIOUS QUARTER
% CHANGE PREVIOUS
NET PROFIT (LOSS)
227.4
613
-62.9
285.1
-20.24
GROSS PROFIT (LOSS)
373
760.6
-50.96
412.7
-9.62
OPERATIONAL PROFIT (LOSS)
316.4
700.6
-54.84
364
-13.08
ELEMENT
CURRENT PERIOD
SIMILAR PERIOD FOR PREVIOUS YEAR
% CHANGE
NET PROFIT (LOSS)
512.5
1,168.7
-56.15
GROSS PROFIT (LOSS)
785.79
1,469.1
-46.51
OPERATIONAL PROFIT (LOSS)
680.4
1,346
-49.45
EARNING OR LOSS PER SHARE, RIYALS
0.91
2.08
-
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT
EXPLANATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR
The decrease in net profit is attributable to lower production and sales volume resulted from turnaround activities as announced in Tadawul, on 4th Dec 2014 & 31st May 2015, and due to lower average sales prices for most of the products. Noting that the lower prices of some feedstock materials and sales from the inventory reduced the impact of profit decrease.
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR
The decrease in net profit is attributable to lower production and sales volume resulted from turnaround activities as announced in Tadawul on 4th Dec 2014 & 31st May 2015 and due to lower average sales prices for most of the products. Noting that lower prices of some feedstock materials and sales from the inventory reduced the impact of profit decrease
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER
The decrease in net profit is attributable to lower production and sales volume resulted from turnaround activities as announced in Tadawul on 4th Dec 2014 & 31st May 2015 and increase in price of some feedstock materials.Noting that the increase in average sales prices for most of the products and sales from the inventory reduced the impact of profit decrease
RECLASSIFICATIONS IN QUARTERLY FINANCIAL RESULTS
Certain amounts have been reclassified to conform to the presentation of current period
