Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) on Monday reported a 73.3% decrease in net profit during the first quarter (Q1) of 2020.
Quarterly profit after zakat and tax amounted to SAR 104.5 million in Q1-20, compared with SAR 390.6 million for the same period of last year, as shown by the company’s interim financial results.
The decrease in net profit is attributable to lower average sales prices for all products, according to a disclosure to the Saudi Stock Exchange (Tadawul).
