Petrochemical company yansab announces the interim financial results for the period ending on 31-12-2015 (twelve months)
· Issued by Yanbu National Petrochemical Co.
17 Jan 2016
ELEMENT
CURRENT QUARTER
SIMILAR QUARTER FOR PREVIOUS YEAR
% CURRENT CHANGE
PREVIOUS QUARTER
% CHANGE PREVIOUS
NET PROFIT (LOSS)
393.1
617.8
-36.37
301.7
30.29
GROSS PROFIT (LOSS)
537.2
773.2
-30.52
434.6
23.61
OPERATIONAL PROFIT (LOSS)
478.2
712.3
-32.87
381.4
25.38
ELEMENT
CURRENT PERIOD
SIMILAR PERIOD FOR PREVIOUS YEAR
% CHANGE
NET PROFIT (LOSS)
1,207.3
2,477.8
-51.28
GROSS PROFIT (LOSS)
1,757.6
3,087
-43.06
OPERATIONAL PROFIT (LOSS)
1,540.1
2,842.8
-45.82
EARNING OR LOSS PER SHARE, RIYALS
2.15
4.41
-
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 average sales prices for all of the products , despite higher sales volume and decrease in prices of some feedstock materials.
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 during 2nd Q of 2015 as announced in Tadawul on 31st May 2015 and due to lower average sales prices for all of the products despite the decrease in price of some feedstock materials.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER
The increase in net profit is attributable to higher sales volume in addition to the decrease in price of some feedstock materials, despite decrease in average sales prices for all of the products.
RECLASSIFICATIONS IN QUARTERLY FINANCIAL RESULTS
Certain amounts have been reclassified to conform to the presentation of current period.
