Financial Results : Yansab turns to SAR 99.5M net profit in Q1 2024

Yansab turns to SAR 99.5M net profit in Q1 2024

28/04/2024 Argaam Exclusive

View other reports

Yanbu National Petrochemical Co. (Yansab) reported a net profit of SAR 99.5 million for the three months ended March 31, 2024, versus a net loss of SAR 369.7 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 667.01 1,390.51 108.5 %
Gross Income (239.63) 228.63 195.4 %
Operating Income (370.72) 105.21 128.4 %
Net Income (369.72) 99.52 126.9 %
Average Shares 562.50 562.50 -
EPS (Riyals) (0.66) 0.18 126.9 %

This was primarily driven by higher revenue on increased production and sales volumes, despite lower average selling prices.

 

On a quarterly basis, net earnings increased by more than five-fold from SAR 18.46 million, on higher average selling prices.

 

Total shareholders’ equity, no minority interest, dropped to SAR 12.03 billion by March 31, 2024, compared to SAR 12.95 billion a year earlier.

 

Attached Documents:

 

View More Financial Results

 

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.