ELEMENT | CURRENT YEAR | PREVIOUS YEAR | % CHANGE |
---|---|---|---|
NET PROFIT (LOSS) | 1,207.3 | 2,477.8 | -51.28 |
EARNING OR LOSS PER SHARE, RIYALS |
2.15 |
4.4 | - |
GROSS PROFIT (LOSS) |
1,757.6 |
3,087 |
-43.06 |
OPERATIONAL PROFIT (LOSS) |
1,540.1 |
2,842.8 |
-45.82 |
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT | EXPLANATION |
---|---|
REASONS OF ANNUAL FINANCIAL RESULTS | 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. |
Reclassifications in annual financial results | Certain amounts have been reclassified to conform to the presentation of current period. |
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Yanbu National Petrochemical Company issued this content on 25 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 February 2016 06:35:12 UTC
Original Document: http://www.yansab.com.sa/en/news/2016/20160225--YANSAB-ANNOUNCES-THE-ANNUAL-FINANCIAL-RESULTS.aspx