Financial Results : Yansab net profit down 73% to SAR 414.1 mln in 2022; Q4 losses at SAR 96.5 mln

Yansab net profit down 73% to SAR 414.1 mln in 2022; Q4 losses at SAR 96.5 mln

05/02/2023 Argaam Exclusive

View other reports

Yanbu National Petrochemical Co. (Yansab) reported a decline of 73% in 2022 net profit after Zakat and tax to SAR 414.1 million, from SAR 1.53 billion a year earlier.

 

The profit drop was attributed to lower average selling prices for all products, besides higher average cost of production inputs and shipping expenses. This is despite a 7% year-on-year (YoY) leap in output and sales volumes.



Financials (M)

Item 2021 2022 Change‬
Revenues 7,499.27 7,024.05 (6.3 %)
Gross Income 2,309.37 970.42 (58.0 %)
Operating Income 1,805.94 442.45 (75.5 %)
Net Income 1,531.30 414.15 (73.0 %)
Average Shares 562.50 562.50 -
EPS (Riyals) 2.72 0.74 (73.0 %)

The petrochemical producer reported a net loss of SAR 96.47 million in Q4 2022 against a profit of SAR 334.86 million in the year-ago period.

 

The three-month losses widened from SAR 60.96 million in Q3 2022.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 1,922.11 1,385.22 (27.9 %)
Gross Income 507.13 56.44 (88.9 %)
Operating Income 382.16 (95.48) (125.0 %)
Net Income 334.86 (96.43) (128.8 %)
Average Shares 562.50 562.50 -
EPS (Riyals) 0.60 (0.17) (128.8 %)

Shareholders’ equity, after minority interest, fell to SAR 14.05 billion as of Dec. 31, 2022, from SAR 15.04 billion a year earlier.

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.


Comments {{getCommentCount()}}

Be the first to comment

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