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15/07/2013 08:21 AST
Yanbu National Petrochemical Co. (Yanpet) said on Sunday its second-quarter net profit grew 3.2 percent on an annual basis to SR671 million ($179 million) due to lower financial charges, despite a fall in its sales.
The company, a unit of Saudi Basic Industries Corp., one of the world's largest petrochemical companies, said gross profit had fallen by 2.1 percent in the same period.
However, while sales were lower than a year ago, they were higher than in the first quarter of this year, Yanpet said in a bourse statement.
Reuters
21/07/2016
Saudi Arabia's Yanbu National Petrochemical Co. (Yansab) beat analysts' forecasts on Wednesday as its second-quarter net profit trebled due to higher production and sales. The firm, a subsidiary of
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Saudi Arabia’s Yanbu National Petrochemical Co (Yansab) reported a 41 per cent rise in first-quarter net profit on Wednesday, beating analysts’ forecasts. The firm, a subsidiary of Saudi Basic Indus
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Gulf News