Yansab's profit rises to SR689m in 2nd quarter

21/07/2016 05:13 AST

Saudi Arabia's Yanbu National Petrochemical Co. (Yansab) beat analysts' forecasts on Wednesday as its second-quarter net profit trebled due to higher production and sales. The firm, a subsidiary of Saudi Basic Industries Corp. (SABIC), made a net profit of SR689.3 million ($183.8 million) in the three months to June 30, up from SR227.4 million in the same period of 2015, it said in a bourse filing.

Five analysts polled by Reuters on average forecast Yansab would make a quarterly profit of SR446.2 million.

Yansab cited a rise in production and sales volumes for the increase in profit, after the same quarter last year was impacted by maintenance work at its facilities. It also benefited this year from a decrease in some feedstock prices, although the average sales price for the majority of its products was lower.

The company's earnings have been hit hard by falling product prices, like many petrochemical firms in the Kingdom, as they are closely tied to slumping oil prices.


Arab News

News

Saudi's Yansab Q1 net profit up 41% - statement

14/04/2016

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) reported a 41 per cent rise in first-quarter net profit on Wednesday, beating analysts' forecasts. The firm, a subsidiary of Saudi Basic Indus

Gulfnews

YANSAB Q4 net profit declined by 36 percent

14/01/2016

Yanbu National Petrochemicals Co. (YANSAB) posted a 36.37 percent decline in fourth-quarter net profit, it said on Thursday.

YANSAB owned by SABIC with 51% share, made a net profit of 393

GulfBase.com

Saudi's Yansab trims dividend for H1 2015 to 1 riyal/share

09/06/2015

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) has proposed a cash dividend of 1 riyal ($0.27) per share for the first half of 2015, it said in a statement on Tuesday.

The figure is

Reuters

Most Viewed Companies

Ticker Price Volume

Valuation

YANSAB Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
MAADEN 68.85 -1.45 (-2.07%)
SABIC 58.75 -1.15 (-1.92%)
SABICAGRINUTRIENTS 156.00 -0.80 (-0.52%)
LUBEREF 107.90 -0.70 (-0.65%)
ALBH 0.92 -0.01 (-1.08%)

Recent News

NBQ posts Dh152m after-tax profit in Q1, helped by net interest income, cost management

20/04/2026

National Bank of Umm Al Qaiwain (NBQ) posted an after-tax profit of Dh152 million in the first quarter of 2026, supported by strong core fundamentals, disciplined cost management, and a balanced appr

Khaleej Times

KFH Bahrain offers 3-month loan, card payment deferral

20/04/2026

Kuwait Finance House - Bahrain (KFH), a leading bank in the kingdom, has announced that it is allowing individual and corporate customers to defer domestic loan instalments and credit card payments f

Trade Arabia

Sabic earns Edison Awards for sixth year

20/04/2026

For the sixth consecutive year, Saudi Basic Industries Corporation (Sabic) has won recognition across various categories of the Edison Awards for a range of innovative solutions, reflecting the globa

Trade Arabia

Markaz-owned Kuwaiti tower gets top green building certification

20/04/2026

Kuwait Financial Centre (Markaz) has announced that the Al Nada Tower, a key residential building owned by its real estate fund, has achieved LEED (Leadership in Energy and Environmental Design) Gold

Trade Arabia

NBB joins forces with BLME to provide UK property loans

20/04/2026

The National Bank of Bahrain (NBB), a leading financial powerhouse in the kingdom, has sealed a strategic collaboration deal with Bank of London and The Middle East (BLME) to provide tailored UK prop

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap