Yanbu National Petrochemical Co. (Yansab) posted a 51.3 percent decline year-on-year (YoY) in net profit after zakat and tax to SAR 706.8 million for the first half of 2019.
The profit drop was attributed to lower average selling prices of the company’s products, despite higher sales volumes.
|Gross Income||1,677.41||904.10||(46.1 %)|
|Operating Income||1,451.00||708.46||(51.2 %)|
|Net Income||1,451.48||706.77||(51.3 %)|
|EPS (Riyal)||2.58||1.26||(51.3 %)|
The second-quarter net profit after zakat and tax plunged 61.5 percent YoY to SAR 316 million, hit by lower selling prices despite a rise in production, sales volumes and a decline in feedstock costs.
When compared to Q1 2019, net profit dropped 19 percent on higher production input costs and lower selling prices.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|P/E Before Unusual Items (TTM)||17.83|
|Dividend Yield||5.88 %|
|Market Cap. (M)||29,756.25|
|Return on Average Assets||8.89 %|
|Return on Average Equity||10.41 %|