Riyadh - Mubasher: Yanbu National Petrochemical Company’s (Yansab) profits rose 44.23% in the first quarter of 2017.

Profits reached SAR 608.2.3 million in Q1-7 compared to SAR 421.7 million in the same period last year, according to a bourse filing on Tuesday

The hike in net profits was attributable to the increase in average sales prices for all products and higher sales volume, despite the rise in feedstock materials average prices.

Sales amounted to SAR 1.76 billion compared to SAR 1.35 billion, with an increase of 30.6%.