Riyadh – Mubasher: Yanbu National Petrochemicals Co. (Yansab) said Wednesday it generated SAR 401.9 million ($107.17 million) net profit for the first quarter of 2016, a rise of 41% from SAR 285.1 million ($76.02 million) in the same quarter last year.
In a statement to Tadawul, the petrochemical firm added that the profit growth was spurred by a decrease in feedstock prices.
