Yanbu National Petrochemicals : PETROCHEMICAL COMPANY YANSAB ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31-12-2015 (TWELVE MONTHS)

17 Jan 2016

ELEMENT	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	% CURRENT CHANGE	PREVIOUS QUARTER	% CHANGE PREVIOUS
NET PROFIT (LOSS)	393.1	617.8	-36.37	301.7	30.29
GROSS PROFIT (LOSS)	537.2	773.2	-30.52	434.6	23.61
OPERATIONAL PROFIT (LOSS)	478.2	712.3	-32.87	381.4	25.38

ELEMENT	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	% CHANGE
NET PROFIT (LOSS)	1,207.3	2,477.8	-51.28
GROSS PROFIT (LOSS)	1,757.6	3,087	-43.06
OPERATIONAL PROFIT (LOSS)	1,540.1	2,842.8	-45.82
EARNING OR LOSS PER SHARE, RIYALS	2.15	4.41	-

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT	EXPLANATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR	The decrease in net profit is attributable to lower average sales prices for all of the products , despite higher sales volume and decrease in prices of some feedstock materials.
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR	The decrease in net profit is attributable to lower production and sales volume resulted from turnaround activities during 2nd Q of 2015 as announced in Tadawul on 31st May 2015 and due to lower average sales prices for all of the products despite the decrease in price of some feedstock materials.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER	The increase in net profit is attributable to higher sales volume in addition to the decrease in price of some feedstock materials, despite decrease in average sales prices for all of the products.
RECLASSIFICATIONS IN QUARTERLY FINANCIAL RESULTS	Certain amounts have been reclassified to conform to the presentation of current period.

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