The financial statements of Yanbu National Petrochemical Company (Yansab) showed that the company's profits fell last year by 37.8% on an annual basis.
according to the company's results for the Saudi market (Tadawul), today, Monday, last year’s profits amounted to 677.6 million riyals, compared to approximately 1.09 billion riyals profits in 2019.
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The company said in a statement to the Stock Exchange that the decrease in profits during the comparison years is due to the decrease in the average selling prices of all products despite the low cost of some production inputs.
The company achieved total sales in the last year of 5.035 billion riyals, compared with 6.065 billion riyals in 2019, a decrease of approximately 17%.
