Financial Results : Yansab's net profit declines 79% to SAR 149.3 mln in H1 2020

Yansab's net profit declines 79% to SAR 149.3 mln in H1 2020

19/07/2020 Argaam Exclusive

View other reports

Yanbu National Petrochemical Co. (Yansab) reported a net profit after Zakat and tax of SAR 149.3 million for the first half of 2020, a 79% year-on-year (YoY) slump, driven by lower sales volumes, despite decreased cost of some materials.



Financials (M)

Item 6m 2019 6m 2020 Change‬
Revenues 3,160.01 2,215.63 (29.9 %)
Gross Income 904.10 336.38 (62.8 %)
Operating Income 708.46 155.27 (78.1 %)
Net Income 706.77 149.29 (78.9 %)
Average Shares 562.50 562.50 -
EPS (Riyals) 1.26 0.27 (78.9 %)

The company’s net profit after Zakat and tax for the second quarter declined 86% YoY to SAR 44.8 million due to lower average selling prices and lower sales volumes.

 

On a quarter-on-quarter basis, the profit for the current quarter dropped by 57.13%, which was attributed to decreased average selling prices.



Current Quarter Comparison (M)

Compared With The
Item Q2 2019 Q2 2020 Change‬
Revenues 1,637.96 1,020.66 (37.7 %)
Gross Income 431.61 137.12 (68.2 %)
Operating Income 329.47 52.91 (83.9 %)
Net Income 316.13 44.83 (85.8 %)
Average Shares 562.50 562.50 -
EPS (Riyals) 0.56 0.08 (85.8 %)

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.