Zelensky's response muted after Biden OKs long-range missile use    Inside a scam looting millions from Indians 'You are under digital arrest'    Hezbollah media chief killed in Israeli strike in Beirut    Slovakians rally against populism on anniversary of fall of Communist system    Huge draw at Riyadh Season with 6 million visitors in 5 weeks    Trump taps fossil fuel executive Chris Wright as energy secretary    Commercial registrations of Saudi companies post 68% growth in 20 months    Foreign Minister leads Saudi delegation at G20 summit in Brazil    Macron hosts Saudi business leaders to strengthen investments    King Salman to host 1,000 Umrah pilgrims from 66 countries    Alfanar Projects signs SR20 billion strategic contracts to drive energy sector transformation in Saudi Arabia    Anthony Hopkins to debut exclusive musical performance at Riyadh Season    Saudi national football team begins training in Jakarta ahead of Indonesia match    Saudi Arabia awarded hosting rights for the 6th UN World Data Forum 2026    Jake Paul defeats Mike Tyson in lackluster showdown at Dallas Cowboys' home    Mike Tyson slaps Jake Paul during final face-off    South Africa's Mia le Roux pulls out of Miss Universe pageant    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Yansab's Profits Rise 177% in the First Quarter of 2011
Al Published in Saudi Press Agency on 13 - 04 - 2011

Awwal 09, 1432, April 13 ,2011, SPA -- Yanbu National Petrochemical Company "Yansab" achieved net profits of SR 717.85 million in the first quarter of 2011 compared to SR 259.43 Million for the same quarter last year with an increase of 177% and compared to SR 554.76 Million for the previous quarter with an increase of 29%.
In a press statement today, Mutlaq Al-Morished, Chairman of the Board of (Yansab) and Executive Vice President of Corporate Finance (SABIC) said the increase in profits is due to commencement of Commercial Operations on March 01, 2010 and the improvement in products sales' prices.
Yansab also realized total profit of SR 891.46 Million for the 1Q2011 compared to SR 325.43 Million for the same quarter last year with an increase of 174%.
Meanwhile, Yansab achieved operating profit of SR 838.06 Million for the 1Q2011 compared to SR 310.39 Million for the same quarter last year with an increase of 170%
The per share profit for the 3 months period was SR 1.276 compared to SR 0.461 for the same period last year.

Clic here to read the story from its source.