| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 1,989.90 | 3,047.00 | 53.1 % |
| Gross Income | (147.45) | 561.00 | 480.5 % |
| Operating Income | (353.60) | 308.00 | 187.1 % |
| Net Income | (342.29) | 324.00 | 194.7 % |
| Average Shares | 562.50 | 562.50 | - |
| EPS (Riyals) | (0.61) | 0.58 | 194.7 % |
The first-half net profit was buoyed by a rise in revenue on increased production and sales volumes, in addition to the improved average selling prices of some products.
In the first half of 2023, the petrochemical producer’s plants halted operations for preventive maintenance from Jan. 10 to March 2, as announced on Tadawul's website on Nov. 20, 2022, and March 2, 2023.
The second-quarter bottom line skyrocketed to SAR 224.8 million from SAR 27.4 million in Q2 2023, thanks to higher revenue on increased production and sales volumes, in addition to the improved average selling prices of some products.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 1,322.88 | 1,656.70 | 25.2 % |
| Gross Income | 92.18 | 332.10 | 260.3 % |
| Operating Income | 13.00 | 207.00 | 1492.3 % |
| Net Income | 27.44 | 224.80 | 719.3 % |
| Average Shares | 562.50 | 562.50 | - |
| EPS (Riyals) | 0.05 | 0.40 | 719.3 % |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 1,390.51 | 1,656.70 | 19.1 % |
| Gross Income | 228.63 | 332.10 | 45.3 % |
| Operating Income | 101.10 | 207.00 | 104.7 % |
| Net Income | 99.52 | 224.80 | 125.9 % |
| Average Shares | 562.50 | 562.50 | - |
| EPS (Riyals) | 0.18 | 0.40 | 125.9 % |
Sequentially, Yansab’s net earnings more than doubled from SAR 99.5 million in Q1 2024, driven by improved revenue and average selling prices.
Total shareholders’ equity, no minority interest, dropped to SAR 11.71 billion as of June 30, 2024, from SAR 12.44 billion a year earlier.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| YANSAB | 96.28 | 224.80 | 133.5 % |
| SASCO | 9.78 | 12.85 | 31.5 % |
| SULAIMAN ALHABIB | 522.40 | 555.03 | 6.2 % |
| SABIC AGRI-NUTRIENTS | 738.32 | 705.00 | (4.5 %) |
| SHAKER | 18.10 | 16.45 | (9.1 %) |
| CITY CEMENT | 39.98 | 27.78 | (30.5 %) |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| YANSAB | 96.28 | 224.80 | 133.5 % |
| SASCO | 9.78 | 12.85 | 31.5 % |
| SULAIMAN ALHABIB | 522.40 | 555.03 | 6.2 % |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| CITY CEMENT | 39.98 | 27.78 | (30.5 %) |
| SHAKER | 18.10 | 16.45 | (9.1 %) |
| SABIC AGRI-NUTRIENTS | 738.32 | 705.00 | (4.5 %) |
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