ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CURRENT CHANGE | PREVIOUS QUARTER | % CHANGE PREVIOUS |
---|---|---|---|---|---|
NET PROFIT (LOSS) |
689.3 | 227.4 | 203.12 | 401.9 | 71.51 |
GROSS PROFIT (LOSS) | 795.2 | 373 | 113.19 | 521.3 | 25.54 |
OPERATIONAL PROFIT (LOSS) | 738 | 316.4 | 133.25 | 473.8 | 55.76 |
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | % CHANGE |
---|---|---|---|
NET PROFIT (LOSS) |
1,091.2 | 512.5 | -112.92 |
GROSS PROFIT (LOSS) | 1,316.5 | 785.8 | 67.54 |
OPERATIONAL PROFIT (LOSS) | 1,211.7 | 680.4 | 78.09 |
EARNING OR LOSS PER SHARE, RIYALS | 1.94 | 0.91 | - |
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT | EXPLANATION |
---|---|
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR | The increase in net profit is attributable to the increase in production and sales volumes due to the completion of turnaround activities during 2nd Quarter 2015 as announced in Tadawul, on 31st May 2015 in addition to the reduction in some of feedstock prices although lower average sales prices for majority of the products. |
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR | The increase in net profit is attributable to the increase in production and sales volumes due to the completion of turnaround activities during 2nd Quarter 2015 as announced in Tadawul, on 31st May 2015 in addition to the reduction in some of feedstock prices despite the decrease in sales prices for majority of the products. |
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER | The increase in net profit is attributable to higher average sales prices for majority of the products in addition to higher production and sales volumes. |
RECLASSIFICATIONS IN QUARTERLY FINANCIAL RESULTS | Certain amounts have been reclassified to conform to the presentation of current period |
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Yanbu National Petrochemical Company published this content on 28 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 August 2016 08:02:02 UTC.
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