Yanbu National Petrochemical Company (Yansab) announces the preliminary financial results for the period

 ending at 31/03/2010:

1.Realized Net Profit of SR 259.43 Million for the 1st QTR 2010 compared to net loss of (SR 8.24) Million for the 1st QTR 2009 and net loss of (SR 7.32) Million for the 4th QTR 2009.

2.Realized Total Profit of SR 325.43 Million for the 1st QTR 2010.

3.Realized Operating Profit of SR 310.38 Million for the 1st QTR 2010.

4.The per share profit for the 1st QTR 2010 was SR 0.461 compared to per share loss of (SR 0.015) for the 1st QTR 2009.

5.Realization of profit during the 1st QTR 2010 is due to commencement of Commercial Operation, increase in production & sales volumes and firming products prices.

This was stated by Mr. Mutlaq Al-Morished, Chairman of the Board (Yansab), Executive Vice President of  Finance (SABIC), and he also expressed his appreciation for the efforts of all the employees in achieving this outstanding performance.