Jan 15 2012 |
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Yansab announces the interim financial results for the period ending at 31/12/2011 (twelve months)
Yanbu National Petrochemical Company (Yansab) announces the interim financial results for the period ending at 31/12/2011:
1.Realized Net Profit of SR 664.88 Million for the 4Q2011 compared to SR 554.76 Million for the same quarter last year with an increase of 20% and compared to SR 827.94 Million for the previous quarter with a decrease of 20%
2.Realized Total Profit of SR 786.41 Million for the 4Q2011 compared to SR 710.15 Million for the same quarter last year with an increase of 11%
3.Realized Operating Profit of SR 734.20 Million for the 4Q2011 compared to SR 671.41 Million for the same quarter last year with an increase of 9%
4.Realized Net Profit of SR 3,174.33 Million for the twelve months period compared to SR 1,672.78 Million for the same period last year with an increase of 90%
5.The earnings per share for the twelve months period was SR 5.643 compared to SR 2.974 for the same period last year
6.Realized Total Profit of SR 3,793.08 Million for the twelve months period compared to SR 2,169.57 Million for the same period last year with an increase of 75%
7.Realized Operating Profit of SR 3,617.68 Million for the twelve months period compared to SR 2,046.49 Million for the same period last year with an increase of 77%
8.The increase in profits for 4Q2011 compared to the same quarter last year is due to increase in production and sales quantities. The increase in profits for the period compared to the same period last year is due to commencement of Commercial Operations on March 1, 2010 and increase in production and sales quantities combined with improvement in sales prices of most of the products. The reduction in profits for 4Q2011 compared to the previous quarter is due to lower sales prices for the products in spite of the increase in sales quantities
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