Yanbu National Petrochemical Co. (Yansab) reported an annual net profit after Zakat and tax of SAR 677.6 million for 2020, down 38% year-on-year (YoY), due to lower average selling prices.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 6,064.83 | 5,034.94 | (17.0 %) |
| Gross Income | 1,498.27 | 1,088.72 | (27.3 %) |
| Operating Income | 1,096.15 | 727.60 | (33.6 %) |
| Net Income | 1,089.77 | 677.57 | (37.8 %) |
| Average Shares | 562.50 | 562.50 | - |
| EPS (Riyals) | 1.94 | 1.20 | (37.8 %) |
The petrochemicals producer reported profit hike of 95% YoY to SAR 332.7 million in Q4 2020, driven by higher average selling prices, despite lower production and sold volumes.
On a sequential basis, Q4 2020 net profit increased by 70.09%.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 1,482.08 | 1,378.58 | (7.0 %) |
| Gross Income | 298.12 | 475.13 | 59.4 % |
| Operating Income | 182.31 | 371.28 | 103.7 % |
| Net Income | 170.95 | 332.65 | 94.6 % |
| Average Shares | 562.50 | 562.50 | - |
| EPS (Riyals) | 0.30 | 0.59 | 94.6 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 1,440.73 | 1,378.58 | (4.3 %) |
| Gross Income | 277.21 | 475.13 | 71.4 % |
| Operating Income | 201.04 | 371.28 | 84.7 % |
| Net Income | 195.63 | 332.65 | 70.0 % |
| Average Shares | 562.50 | 562.50 | - |
| EPS (Riyals) | 0.35 | 0.59 | 70.0 % |
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