Riyadh - Mubasher: Yanbu National Petrochemical Company’s (Yansab) profits surged 203% in the second quarter of the current year, recording SAR 689.3 million ($183.8 million), compared to SAR 227.4 million ($60.64 million) in the same period last year.
Profits also grew 113% in the first half of 2016, in comparison with those of H1-15.
This leap in profits is mainly a result of the increase in production and sales after the completion of preventive maintenance in the company’s factories, as well as the decrease in feedstock prices.
