Rabigh Refining & Petrochemical Company announced earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net profit of SAR 103.2 million compared to SAR 504.9 million a year ago. Operational profit was SAR 118 million compared to SAR 493.8 million a year ago. The reasons of profit in second quarter on the contrary to loss in first quarter were mainly due to recovered operation and sales after total complex shutdown in fourth quarter of 2015 and increase of crude oil price, despite deterioration in refinery margin. For the six months, the company reported net profit of SAR 70.5 million or SAR 0.08 per share compared to SAR 710.3 million or SAR 0.81 per share a year ago. Operational profit was SAR 104.1 million compared to SAR 719.1 million a year ago. The reasons of decrease of net profit are lower petrochemical sales prices mainly due to feedstock price decline, decreased petrochemical sales due to gradual startup after planned companywide turnaround maintenance activities and unplanned outage of some plants as announced before in Tadawul, and deteriorated refinery margin. The impact was partially mitigated by increase of crude oil price in this year.