Yanbu National Petrochemical Company (Yansab) announces the preliminary financial results for the period ending at 30/06/2010:

1.Realized Net Profit of SR 502.38 Million for the 2nd QTR 2010 compared to net loss of (SR 6.65) Million for the 2nd QTR 2009 and net profit of SR 259.43 Million for the 1st QTR 2010.

2.Realized Total Profit of SR 632.13 Million for the 2nd QTR 2010.

3.Realized Operating Profit of SR 596.04 Million for the 2nd QTR 2010.

4.Realized Net Profit of SR 761.82 Million for the 6 months period compared to net loss of (SR 14.89) Million for the same period last year.   

5.The per share profit for the 6 months period was SR 1.354 compared to per share loss of (SR 0.026) for the same period last year.

6.Realized Total Profit of SR 957.56 Million for the 6 months period.

7.Realized Operating Profit of SR 906.42 Million for the 6 months period.

8.Increase in Net Profit during the 2nd  QTR 2010 has resulted from increases in production & sales volumes, these increases arise mainly due to commencement of Commercial Operations on March 1st , 2010.

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