YANSAB Q4 net profit declined by 36 percent

14/01/2016 16:26 AST

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 393.1 million riyals in the three months to December 31, compared to 617.8 million riyals in the same period of 2014, it said in a bourse statement.

The decrease in net profit is attributable to lower average sales prices for all of the products, despite higher sales volume and decrease in prices of some feedstock materials.

Its net profit for 12 months of 2015 was 1.2 billion riyals, reflecting a decrease of 51.25 percent on the previous year of 2.5 billion riyals.

The decrease in net profit of year 2015 is attributable to lower production and sales volume resulted from turnaround activities during 2nd Q of 2015 as announced in Tadawul on 31st May 2015 and due to lower average sales prices for all of the products despite the decrease in price of some feedstock materials.

Yearly total operating income decreased by 45.82 percent and reached 1.5 billion riyals compared to 2.8 billion riyals of 2014.


GulfBase.com

News

Yansab's profit rises to SR689m in 2nd quarter

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

Arab News

Saudi’s Yansab Q1 net profit up 41% — statement

14/04/2016

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

Gulfnews

Saudi's Yansab trims dividend for H1 2015 to 1 riyal/share

09/06/2015

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) has proposed a cash dividend of 1 riyal ($0.27) per share for the first half of 2015, it said in a statement on Tuesday.

The figure is

Reuters

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683

Valuation

YANSAB Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

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%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap