Saudi Arabia's Yanbu National Petrochemical Company (Yansab) reported a 39.7 per cent rise in fourth-quarter net profit on Tuesday, beating analysts' forecasts as productivity and sales increased from a year earlier.
Saudi Arabia's Yanbu National Petrochemical Co (Yansab) has proposed a cash dividend of SR1.5 ($0.4) per share for the second half of the year, it said in a statement.
The figure is lower than the SR2 riyals per share paid in
Saudi Arabia's Yanbu National Petrochemical (Yansab) reported a 20.1 per cent drop in third-quarter net profit, in line with analysts' estimates, as sales volumes declined.
The firm, a subsidiary of Sau
Saudi Arabia's Yanbu National Petrochemical Co (Yansab) missed the average forecast of analysts as it posted a 16.7 percent decline in first-quarter net profit on Monday, citing lower prices for some of its products.
Saudi Arabia's Yanbu National Petrochemical Co (Yansab) posted a 31 per cent slump in fourth-quarter net profit on Monday, citing a shutdown at its plant for the decline.
The firm made a net profit of 442.2 million riyals ($11
Saudi Arabia's Yanbu National Petrochemical Co (Yansab) has restarted its petrochemicals complex after a three-week maintenance shutdown, the company said.
The complex was shut on October 23 due to a problem with a water cooli
Saudi Arabia's Yanbu National Petrochemical Co. (Yansab) complex is likely to remain shut for maintenance until the end of next week, the company said late on Sunday.
The complex has been shut down since Oct. 23, due to a prob
Saudi Arabia's Yanbu National Petrochemical Co reported a doubling of its third-quarter net profit on Tuesday, attributing the rise to increased production and sales as well as higher prices for its products.
Yansab made 864.8
Saudi Yanbu National Petrochemical (Yansab) posted a 7.4 per cent drop to SR667.07 million ($177.88 million) in net profit for the first quarter on Saturday, beating analysts' expectations of SR577.46 million.
Yansab, an affil
Saudi's Yanbu National Petrochemicals Company's (Yansab) net profit more than doubled in the third quarter but still missed analyst expectations.
Yansab made a net profit of 827.9 million riyals ($221 million) in the third quarter