Yanbu National Petrochemical Company Announces the Interim Financial Results for the Period Ending on 31-03-2014 (three months)
15 Apr 2014
ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CURRENT CHANGE PREVIOUS QUARTER % CHANGE PREVIOUS
NET PROFIT (LOSS) 555.7     667.1 -16.7 442 25.72
GROSS PROFIT (LOSS) 708.4 800.3 -11.48 589 20.27
OPERATIONAL PROFIT (LOSS) 645.4 744.4 -13.3 535 20.64
EARNING OR LOSS PER SHARE, RIYALS 0.99 1.19 - - -

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 sales prices of certain products and increase of cost of sales due to higher sales volume and turnaround maintenance cost noting that there is an increase in Zakat provision.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER The increase in net profit is attributable to higher production and sales volume despite lower sales prices of most products noting that there was a shutdown in the previous quarter as announced in Tadawul during the 4th quarter 2013.
distributed by