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Yanbu National Petrochemical Co. announces the interim financial results for the period ending on 31-12-2018 (Twelve Months)

1/28/2019

ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CURRENT CHANGE PREVIOUS QUARTER % CHANGE PREVIOUS
SALES/REVENUE 1,619.4 2,166.8 -25.263 2,2110.4 -23.265
TOTAL PROFIT (LOSS) 348.8 896.5 -61.093 839.2 -58.436
OPERATIONAL PROFIT (LOSS) 199.6 779.6 -74.397 710.8 -71.918
NET PROFIT (LOSS) AFTER ZAKAT AND TAX  233.5 777.9 -69.983 729 -67.969
TOTAL COMPREHENSIVE INCOME  286.9 779.8  -63.208 728.7 -60.628
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
SALES/REVENUE 7,628.5 7,220.9 5.644
TOTAL PROFIT 2,865.4 2,870.3 -0.17
PROFIT (LOSS) OPERATIONAL 2,361.5 2,414.1 -2.178
NET PROFIT (LOSS) AFTER ZAKAT AND TAX 2,414 2,376.4 1.582
TOTAL COMPREHENSIVE INCOME 2,487 2,369.4 4.963
TOTAL SHARE HOLDERS EQUITY (AFTER DEDUCTING MINORITY EQUITY)  17,255.7 16,737.4 3.097
PROFIT (LOSS) PER SHARE 4.29 4.22
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 and consistency of production’s inputs average cost in addition to lower production and sales quantity resulted from Ethylene Glycol scheduled turnaround activities and implementation of the EG DBN project as announced in Tadawul on 10 October 2018.
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR The decrease in net profit is attributable to lower average sales prices for all of the products and consistency of production’s inputs average cost in addition to lower production and sales quantity resulted from Ethylene Glycol scheduled turnaround activities and implementation of the EG DBN project as announced in Tadawul on 10 October 2018.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER The increase in net profit is attributable to higher average sales prices for most of the products and reduction in Financing costs and non-operating expenses despite higher average prices of some feedstock materials and lower sales quantity resulted from Ethylene Glycol scheduled turnaround activities and implementation of the EG DBN project as announced in Tadawul on 10 October 2018.
OTHER NOTES Unmodified opinion