Saudi “Yansab” profits double more than 13 times in the second quarter | latest news

The profits of the Saudi Yanbu National Petrochemical Company “Yansab” jumped during the second quarter of this year by 1231% on an annual basis, recording 596 million riyals.

During the first half of 2021, profits grew by 581% to reach one billion riyals.

The company attributed the reasons for the growth of profits for the second quarter mainly to the increase in average selling prices for all products despite the increase in the average cost of some feedstock materials, as well as the increase in Zakat provision.

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