OREANDA-NEWS. October 18, 2012. Yanbu National Petrochemical Company (Yansab) announces the interim financial results for the period ended at 30/9/2012:

1.Realized net profit of SR 435.73 Million for the third quarter 2012 compared to SR 827.94 Million for the same quarter last year with a decrease of 47.4% and compared to SR 649.61 Million for the previous quarter with a decrease of 32.9%

2.Realized gross profit of SR 588.27 Million for the third quarter 2012 compared to SR 975.77 Million for the same quarter last year with a decrease of 39.7%

3.Realized operating profit of SR 537.12 Million for the third quarter 2012 compared to SR 952.77 Million for the same quarter last year with a decrease of 43.6%

4.Realized net profit of SR 1,805.60 Million for the nine month period compared to SR 2,509.45 Million for the same period last year with a decrease of 28.0%

5.The earning per share for the nine month period was SR 3.210 compared to SR 4.461 for the same period last year

6.Realized gross profit of SR 2,320.15 Million for the nine month period compared to SR 3,006.68 Million for the same period last year with a decrease of 22.8%

7.Realized operating profit of SR 2,147.46 Million for the nine month period compared to SR 2,883.48 Million for the same period last year with a decrease of 25.5%

8.The decrease in profits for the third quarter 2012 compared to the same quarter last year and the previous quarter is due to lower products sales price for most of the products. Further, the production and sales volumes decreased as a result of the temporary shutdown for Olefins Cracker Unit announced in Tadawul on August 25th, 2012.

The decrease in profits for the nine month period compared to the same period last year is due to lower products sales price of the products despite the increase in production and sales volumes.