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14/01/2016 16:26 AST
Yanbu National Petrochemicals Co. (YANSAB) posted a 36.37 percent decline in fourth-quarter net profit, it said on Thursday.
YANSAB owned by SABIC with 51% share, made a net profit of 393.1 million riyals in the three months to December 31, compared to 617.8 million riyals in the same period of 2014, it said in a bourse statement.
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.
Its net profit for 12 months of 2015 was 1.2 billion riyals, reflecting a decrease of 51.25 percent on the previous year of 2.5 billion riyals.
The decrease in net profit of year 2015 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.
Yearly total operating income decreased by 45.82 percent and reached 1.5 billion riyals compared to 2.8 billion riyals of 2014.
GulfBase.com
21/07/2016
Saudi Arabia's Yanbu National Petrochemical Co. (Yansab) beat analysts' forecasts on Wednesday as its second-quarter net profit trebled due to higher production and sales. The firm, a subsidiary of
Arab News
14/04/2016
Saudi Arabia's Yanbu National Petrochemical Co (Yansab) reported a 41 per cent rise in first-quarter net profit on Wednesday, beating analysts' forecasts. The firm, a subsidiary of Saudi Basic Indus
Gulfnews
09/06/2015
Saudi Arabia's Yanbu National Petrochemical Co (Yansab) has proposed a cash dividend of 1 riyal ($0.27) per share for the first half of 2015, it said in a statement on Tuesday.
The figure is
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| LUBEREF | 94.70 | 0.75 (0.79 |
| ALBH | 1.08 | 0.00 (0.00 |
05/02/2026
Invest Qatar, the Investment Promotion Agency of Qatar, and Doha Bank have announced a strategic partnership aimed at further enhancing the ease of doing business for foreign investors entering the Q
Gulf Times
05/02/2026
In celebration of Kuwait's national holidays, in which the country commemorates its beautiful history and achievements, National Bank of Kuwait announced a limited-edition issuance of KWD Visa Prepai
Kuwait Times
05/02/2026
As strategic partner to the second edition of the International Digital Cooperation Forum (IDCF) 2026, held 4 and 5 February 2026 at the Jumeirah Messilah Hotel, Kuwait City, ZainTECH is supporting t
Kuwait Times
05/02/2026
OQ Group and Kuwait Petroleum International (KPI) signed an agreement on Tuesday in Kuwait to develop a petrochemical project in the Special Economic Zone at Duqm (SEZAD).
The agreement was
Muscat Daily
05/02/2026
K Hovnanian ME Investments (KHME), a subsidiary of Hovnanian Enterprises, and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed a memorandum of understanding (MoU) with Sau
Trade Arabia
Financial Information Co.
Saudi Arabia