Petrochemical company (yansab) announces the annual financial results for the period ending on 31-12-2014
· Issued by Yanbu National Petrochemical Co.
YANBU NATIONAL PETROCHEMICAL COMPANY (YANSAB) ANNOUNCES THE ANNUAL FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31-12-2014
15 Feb 2015
ELEMENT
CURRENT YEAR
PREVIOUS YEAR
% CURRENT CHANGE
NET PROFIT (LOSS)
2,477.8
2,644.6
-6.31
EARNING OR LOSS PER SHARE, RIYALS
4.4
4.7
-
GROSS PROFIT (LOSS)
3,087
3,244.7
-4.27
OPERATIONAL PROFIT (LOSS)
2,842.8
2,993
-5.02
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT
EXPLANATION
REASONS OF ANNUAL FINANCIAL RESULTS
The decrease in net profit is attributable to lower average sales price for certain products, increase in cost of sales due to increase of sales volume, decrease in other incomes and increase in Zakat provision despite the decrease in the financial charges.
