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Yanbu National Petrochemical Co. announces its Annual Financial results for the period ending on 2023-12-31

2/20/2024

ement List Current Year Previous Year %Change
Sales/Revenue 4,532.7 7,024 -35.47
Gross Profit (Loss) -53.4 970.4 -
Operational Profit (Loss) -486.3 514.8 -
Net profit (Loss) -485.1 414.1 -
Total Comprehensive Income -462.6 696 -
Total Share Holders Equity (After Deducting the Minority Equity) 11,900.8 14,051 -15.3
Profit (Loss) per Share -0.86 0.74
All figures are in (Millions) Saudi Arabia, Riyals


Element List Amount Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Millions) Saudi Arabia, Riyals


Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The net loss is attributable to lower average sales prices for all products compared to their level in the similar period ,in addition lower production and sales quantity despite lower of some production’s inputs cost.

 

The company had indicated in its financial results announcements for the year 2023 the reasons for the lower in the production and sales to resulted from the scheduled Turnaround of the company's complex for preventive maintenance during first quarter as announced on Tadawul's Website on 20 November 2022 and The Temporary shutdown for Company Plants during third quarter to perform emergency repairs as announced on Tadawul's Website on 21 Aug 2023.

Noting that the stability in production level during the fourth quarter reflect positively increasing of sales quantity compared to the previous quarters for the same year and achieve a net profit amounting to 18 million Saudi riyals, which lead to reduce the net losses for the year 2023.

The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason of the decrease in the revenues due to lower average sales prices for all products compared to their level in the similar period ,in addition lower production and sales quantity despite lower of some production’s inputs cost.

 

The company had indicated in its financial results announcements for the year 2023 the reasons for the lower in the production and sales to resulted from the scheduled Turnaround of the company's complex for preventive maintenance during first quarter as announced on Tadawul's Website on 20 November 2022 and The Temporary shutdown for Company Plants during third quarter to perform emergency repairs as announced on Tadawul's Website on 21 Aug 2023.

Noting that the stability in production level during the fourth quarter reflect positively increasing of sales quantity compared to the previous quarters for the same year and achieve a net profit amounting to 18 million Saudi riyals, which lead to reduce the net losses for the year 2023.

Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) Not Applicable
Reclassification of Comparison Items Certain prior period figures have been re-classified to be aligned with the presentation in the current period
Additional Information -
Attached Documents