Latest news with #Yansab
Zawya
29-07-2025
- Business
- Zawya
Yansab posts lower profits in H1-25; revenues hit over $773mln
Riyadh: Yanbu National Petrochemical Company (Yansab) recorded an 82.03% plunge in net profit to SAR 58.20 million during the first half (H1) of 2025. The generated net profits were compared with SAR 324 million in H1-24, according to the financial results. Revenues amounted to SAR 2.90 billion as of 30 June 2025, down 4.62% year-on-year (YoY) from SAR 3.04 billion. The earnings per share (EPS) shrank to SAR 0.10 in H1-25 from SAR 0.58 a year earlier. Income Statements for Q2-25 In the second quarter (Q2) of 2025, the company achieved profits valued at SAR 44.50 million, marking an 80.20% YoY drop from SAR 224.80 million. The revenues plunged by 15.86% to SAR 1.39 billion in Q2-25 from SAR 1.65 billion in Q2-24. Quarter-on-quarter (QoQ), the Q2-25 net profits hiked by 224.81% from SAR 13.70 million in January-March 2025, while revenues fell by 7.81% from SAR 1.51 billion. Dividends for H1-25 Yansab is set to pay cash dividends valued at SAR 562.50 million for H1-25 on 11 September. The company will disburse SAR 1 per share for 562.50 million eligible shares. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
25-04-2025
- Business
- Zawya
Saudi: Yansab's profits shrink 86% in Q1-25
Riyadh – Yanbu National Petrochemical Company (Yansab) posted 86.23% lower net profits at SAR 13.70 million in the first quarter (Q1) of 2025, versus SAR 99.50 million. Meanwhile, the revenues increased by 8.74% year-on-year (YoY) to SAR 1.51 billion in Q1-25 from SAR 1.39 billion, according to the financial statements. Earnings per share (EPS) hit SAR 0.02 as of 31 March 2025, compared to SAR 0.18 in Q1-24. On a quarterly basis, the company turned profitable in Q1-25 profits when compared to net losses valued at SAR 35 million in Q4-24. Meanwhile, the revenues grew by 1.75% from SAR 1.48 billion. In 2024, Yansab generated net profits valued at SAR 420.30 million, versus net losses of SAR 485.10 million in 2023. Source: Mubasher
Zawya
25-02-2025
- Business
- Zawya
Yansab turns profitable in 2024; revenues jump 36%
Riyadh: Yanbu National Petrochemical Company (Yansab) turned to net profits valued at SAR 420.30 million in 2024, against net losses of SAR 485.10 million in 2023. Revenues hiked by 35.91% year-on-year (YoY) to SAR 6.16 billion in 2024 from SAR 4.53 billion, according to the annual financial results. The registered net profit is attributable mainly to higher production and sales quantity and higher average sales prices for most of the products. This is despite the increase in the cost of some production inputs compared to similar period last year. Earnings per share (EPS) hit SAR 0.75 last year, versus a loss per share of SAR 0.86 a year earlier. As of 30 September 2024, Yansab recorded net profits worth SAR 454.90 million, compared to net losses worth SAR 503.60 million in the year-ago period.
