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Yanbu National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

5/08/2023

Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 667 1,979.4 -66.3 1,385.2 -51.85
Gross Profit (Loss) -239.6 437.3 - 56.4 -
Operational Profit (Loss) -366.6 316.5 - -94.9 286.3
Net Profit (Loss) after Zakat and Tax -369.7 283 - -96.4 283.51
Total Comprehensive Income -389.8 383.1 - -156.1 149.71
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar Period For Previous Year %Change
Total Share Holders Equity (after Deducting Minority Equity) 12,957.9 14,581.7 -11.13
Profit (Loss) per Share -0.66 0.5
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 net loss is attributable to lower production and sales quantity resulted from the scheduled Turnaround of the company's complex for preventive maintenance as announced on Tadawul's Website on 20 November 2022, and the subsequent announcement on March 2, 2023 related to its successfully completion, noting that the expected financial impact of this preventive maintenance was estimated to 385 million Saudi Riyals. In addition to lower average sales prices for all of the products compareed to their level in the similar quarter.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The net loss is attributable to lower production and sales quantity resulted from the scheduled Turnaround of the company's complex for preventive maintenance as announced on Tadawul's Website on 20 November 2022, and the subsequent announcement on March 2, 2023 related to its successfully completion, noting that the expected financial impact of this preventive maintenance was estimated to 385 million Saudi Riyals.
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
Attached Documents