Yanbu National Petrochemical : announces its Interim Financial Results for the Period Ending on 2021-12-31 (Twelve Months)
January 19, 2022
Share
ELEMENT LIST
CURRENT QUARTER
SIMILAR QUARTER FOR PREVIOUS YEAR
%CHANGE
PREVIOUS QUARTER
% CHANGE
Sales/Revenue
1,922.1
1,378.6
39.424
1,779.6
8.007
Gross Profit (Loss)
507.1
475.1
6.735
343.6
47.584
Operational Profit (Loss)
382.2
371.3
2.935
215.4
77.437
Net Profit (Loss) after Zakat and Tax
335
332.7
0.691
179.8
86.318
Total Comprehensive Income
390
230
69.565
167.5
132.835
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST
CURRENT PERIOD
SIMILAR PERIOD FOR PREVIOUS YEAR
%CHANGE
Sales/Revenue
7,407.7
5,034.9
47.127
Gross Profit (Loss)
2,154.3
1,088.7
97.878
Operational Profit (Loss)
1,651
727.6
126.91
Net Profit (Loss) after Zakat and Tax
1,531.3
677.6
125.988
Total Comprehensive Income
1,604
530.1
202.584
Total Share Holders Equity (after Deducting Minority Equity)
15,042.4
14,985.5
0.379
Profit (Loss) per Share
2.72
1.2
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 increase in net profit is attributable to higher average sales prices for all of the products despite higher production's inputs average cost .
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is
The increase in net profit is attributable mainly to higher production and sales quantity. Noting that during last quarter the Company announced a temporary shutdown to perform maintenance activities as announced on Tadawul's Website on 11 July, 2021. Despite the higher production's inputs average cost and lower average sales prices for some products.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is
The increase in net profit is attributable mainly to higher average sales prices for all of the products, despite the following:
1. lower production and sales quantity resulted from Turnaround and Shutdown for company's plants as announced on Tadawul's Website on 26 January 2021 & 11 July 2021
2. Higher production's inputs average cost.
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
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Disclaimer
Yanbu National Petrochemical Company SJSC published this content on 20 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 11:48:04 UTC.
Yanbu National Petrochemicals Co SJSC is a Saudi Arabia-based joint stock company, which is engaged in the manufacture of petrochemical products. The Companyâs products include: Ethylene, Propylene, Mono Ethylene Glycol, Di Ethylene Glycol, Tri Ethylene Glycol, Polypropylene, Low Linear Density Polyethylene, High Density Polyethylene, Butene 1, Butene 2, Methyl Tertiary Butyl Ether (MTBE), Benzene and Toluene Xylene (TX). The Companyâs products are used for the textile and packaging industries, for pressure pipes, blown films and for injection molded articles, among others. Yanbu National Petrochemicals Co SJSC operates under one business segments, which is petrochemicals and sells its products to its majority shareholder. The Companyâs major shareholder is Saudi Basic Industries Corporation (SABIC).