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

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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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YANSAB Q4 net profit declined by 36 percent

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Yanbu National Petrochemicals Co. (YANSAB) posted a 36.37 percent decline in fourth-quarter net profit, it said on Thursday.

YANSAB owned by SABIC with 51% share, made a net profit of 393

GulfBase.com

Ticker Price Volume
SABIC 114.77 5,915,941
ALAWWAL 12.10 172,934
SABB 30.52 234,993
YANSAB Sector Market
P/E
Price/BookValue
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Volume Change
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Ticker Price Change
SABIC 114.77 0.02 (0.01%)
MAADEN 53.50 0.77 (1.46%)
SAFCO 69.21 0.79 (1.15%)
KAYAN 13.87 0.06 (0.43%)
NIC 20.21 0.42 (2.12%)
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