Yansab records losses during Q3 of SR61 mln

Yanbu National Petrochemical Company (Yansab) recorded a net loss after zakat and tax in the third quarter of SR61 million, compared to a profit of SR179.8 million in the same quarter of last year.
This came after the announcement on Wednesday the preliminary financial results for the period ending on September 30, 2022 (nine months).
The operational loss amounted to SR46 million in the third quarter, compared to a profit of SR215.4 million in the same quarter of the previous year.
The net profit after zakat and tax in the 9-month period amounted to SR510.6 million, compared to SR1.19 billion in the same period last year, a decrease of 57.3%.
The gross shareholders’ equity “without minority rights” amounted to SR14.2 billion in the current period, compared to SR14.6 billion in the same period last year, a decrease of 3%.
Profits per share in the current period reached SR0.91, compared to SR2.13 in the same period last year.
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 net loss is attributable to lower average preliminary sales prices for all of the products result from changes in the market price and higher shipment cost addition to higher production’s inputs average cost, despite higher production and sales quantity
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is:
The net loss is attributable to lower average preliminary sales prices for all of the products result from changes in the market price and higher shipment cost, despite lower production’s inputs average cost and higher production and sales quantity.
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 decrease in net profit is attributable to higher production’s inputs average cost and lower average preliminary sales prices for all of the products result from changes in the market price and higher shipment cost, despite higher production and sales quantity.
Certain prior period figures have been re-classified to be aligned with the presentation in the current period.