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Yanbu National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

YANSAB 2290 -2.69% 38.00 -1.05
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 1,779.6 1,440.7 23.523 1,983 -10.257
Gross Profit (Loss) 343.6 277.2 23.953 772 -55.492
Operational Profit (Loss) 215.4 201 7.164 639.8 -66.333
Net Profit (Loss) after Zakat and Tax 179.8 195.6 -8.077 596.3 -69.847
Total Comprehensive Income 167.5 178.2 -6.004 536.9 -68.802
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 5,485.6 3,656.4 50.027
Gross Profit (Loss) 1,647.2 613.6 168.448
Operational Profit (Loss) 1,268.7 356.3 256.076
Net Profit (Loss) after Zakat and Tax 1,196.4 344.9 246.883
Total Comprehensive Income 1,213.9 300.1 304.498
Total Share Holders Equity (after Deducting Minority Equity) 14,652.5 14,755.4 -0.697
Profit (Loss) per Share 2.13 0.61
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 decrease in net profit is attributable to lower production and sales quantity resulted from temporary shutdown for all Plants as announced on Tadawul's Website on 11 July 2021. In addition to higher average prices of some feedstock materials . Noting that higher average sales prices for all of the products contributed on limiting this decrease.
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 decrease in net profit is attributable to lower revenue resulted from lower average sales prices for most of the products approximately by 9% with sustaining the sales quantities and the effect of the temporary shutdown for all Plants as announced on Tadawul's Website on 11 July 2021. In Addition to the increase in cost of revenue resulted from higher average prices of some feedstock materials approximately by 24%.
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 to higher average sales prices for all of the products, despite 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 and higher average prices of some feedstock materials.
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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