Yanbu National Petrochemical Co. (Yansab) reported a net profit of SAR 1.09 billion for fiscal year 2019, down by 54.8% year-on-year (YoY) driven by lower selling prices.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 7,628.47 | 6,064.83 | (20.5 %) |
| Gross Income | 2,865.44 | 1,498.27 | (47.7 %) |
| Operating Income | 2,361.54 | 1,096.15 | (53.6 %) |
| Net Income | 2,413.98 | 1,089.77 | (54.9 %) |
| Average Shares | 562.50 | 562.50 | - |
| EPS (Riyals) | 4.29 | 1.94 | (54.9 %) |
The Q4 2019 net profit after zakat and tax fell 26.8% YoY to SAR 170.9 million on lower selling prices, despite higher sales volume.
Compared to the previous quarter, Q4 net profit was down 19.4%.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 1,619.36 | 1,482.08 | (8.5 %) |
| Gross Income | 348.78 | 298.12 | (14.5 %) |
| Operating Income | 199.58 | 182.31 | (8.7 %) |
| Net Income | 233.48 | 170.95 | (26.8 %) |
| Average Shares | 562.50 | 562.50 | - |
| EPS (Riyals) | 0.42 | 0.30 | (26.8 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 1,422.74 | 1,482.08 | 4.2 % |
| Gross Income | 296.05 | 298.12 | 0.7 % |
| Operating Income | 205.38 | 182.31 | (11.2 %) |
| Net Income | 212.06 | 170.95 | (19.4 %) |
| Average Shares | 562.50 | 562.50 | - |
| EPS (Riyals) | 0.38 | 0.30 | (19.4 %) |
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