YANBU NATIONAL PETROCHEMICAL COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31-12-2014 (TWELVE MONTHS)
25 Jan 2015
ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CURRENT CHANGE PREVIOUS QUARTER % CHANGE PREVIOUS
NET PROFIT (LOSS) 617.8   
 442.2 39.71 691.3 -10.63
GROSS PROFIT (LOSS) 773.2 589.6 31.14 844.8 -8.48
OPERATIONAL PROFIT (LOSS) 712.3 535.2 33.09 784.5 -9.2
ELEMENT CURRENT PERIOD 
 SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
NET PROFIT (LOSS) 2,477.8 2,644.6 -6.31
GROSS PROFIT (LOSS) 3,087 3,224.7 -4.27
OPERATIONAL PROFIT (LOSS) 2,842.8 2,993 -5.02
EARNING OR LOSS PER SHARE, RIYALS 4.41 4.7 -

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 higher production and sales volume due to the temporary shutdown of the company plants during the similar quarter last year as announced in Tadawul on 27/10/2013. Noting that there is a decrease of the sales average prices for most of the products.
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR The decrease in net profit is attributable to lower average sales price for certain products, increase in cost of sales due to increase of sales volume, decrease in other incomes and increase in Zakat provision despite the decrease in the financial charges.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER The decrease in net profit is attributable to lower average sales prices for the sold products noting that there is a decrease in the cost of sales due to lower prices of some feedstock.
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