The profits of Yanbu National Petrochemical Company (Yansab) decreased by 7.7%, in the third quarter of 2020, to reach 195.6 million riyals, compared to 212.1 million riyals in the corresponding period of the year The past.
According to Arabiya Net, the company said that the net profit declined due to a decrease in the average selling prices of most products and an increase in the average cost of production inputs despite the high quantities produced and sold.
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Profits jumped by 336%, compared to profits realized in the previous quarter, which was 44.8 million riyals.
Yansab achieved operating profits in the third quarter of 201 million riyals, compared to 296 million riyals, in the corresponding period last year, down 2.1%.
During the first nine months of 2020, Yansab achieved profits after zakat and tax 344.9 million riyals, compared to 918.8 million riyals, in the corresponding period of last year, a decrease of 62.4% .
