Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) announced that feedstock supplies from Aramco gradually improved and reached regular levels, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Thursday.
Following drone attacks against Aramco’s facilities earlier in September, Yansab’s feedstock supplies shortage dropped to 17% from 30%.
The company said that the feedstock shortage has not resulted in any material financial impact.
Yansab reported a 61.49% year-on-year profit drop during the second quarter of 2019, dragged by lower selling prices. Net profits registered SAR 316.1 million in Q1-19, compared to SAR 820.9 million in the year-ago period.
