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 |