Yanbu National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2021-12-31 (Twelve Months)

1/20/2022

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	1,922.1	1,378.6	39.424	1,779.6	8.007
Gross Profit (Loss)	507.1	475.1	6.735	343.6	47.584
Operational Profit (Loss)	382.2	371.3	2.935	215.4	77.437
Net Profit (Loss) after Zakat and Tax	335	332.7	0.691	179.8	86.318
Total Comprehensive Income	390	230	69.565	167.5	132.835
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	7,407.7	5,034.9	47.127
Gross Profit (Loss)	2,154.3	1,088.7	97.878
Operational Profit (Loss)	1,651	727.6	126.91
Net Profit (Loss) after Zakat and Tax	1,531.3	677.6	125.988
Total Comprehensive Income	1,604	530.1	202.584
Total Share Holders Equity (after Deducting Minority Equity)	15,042.4	14,985.5	0.379
Profit (Loss) per Share	2.72	1.2
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The increase in net profit is attributable to higher average sales prices for all of the products despite higher production’s inputs average cost .
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The increase in net profit is attributable mainly to higher production and sales quantity. Noting that during last quarter the Company announced a temporary shutdown to perform maintenance activities as announced on Tadawul's Website on 11 July, 2021. Despite the higher production’s inputs average cost and lower average sales prices for some products.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The increase in net profit is attributable mainly to higher average sales prices for all of the products, despite the following: 1. lower production and sales quantity resulted from Turnaround and Shutdown for company's plants as announced on Tadawul's Website on 26 January 2021 & 11 July 2021 2. Higher production’s inputs average cost.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain prior period figures have been re-classified to be aligned with the presentation in the current period