Home / Knowledge / News / Textiles / Yanbu reports SAR 94.4 mn net pre-operating profits
Yanbu reports SAR 94.4 mn net pre-operating profits
24
Jan '08
SABIC affiliate, the Yanbu National Petrochemical Company (YANSAB) reported net pre-operating profits of SAR 94.4 million for the first fiscal year beginning February 11, 2006 and ending December 31, 2007. Profit per share in this 22 month period is SAR 0.17. 4Q 2007 losses amounted to SAR 23.5 million versus profits of SAR 4.7 million during the same period in 2006.

Mutlaq Al-Morished, Chairman of the Board of Directors of YANSAB and SABIC Vice President for Corporate Finance reported: “Quarterly losses are attributed to higher Zakat and lower revenues in other areas. 1Q 2007 loss per share was SAR 0.04 compared to SAR 0.01 earnings per share in the same period last year.”

“The YANSAB complex is still a project under construction in Yanbu industrial city. All profits and losses shown are income and non-operating expenses. The complex implementation works are well underway."

"Engineering and supply works of most of the complex units are almost complete. The percentage of completed construction work alone by the end of last year was 66%, while the average completion of engineering, supply and construction as a whole was 84%. By the end of 2007, YANSAB started receiving notices of completion of some parts of the units of facilities and external services. The complex is expected to start commissioning in the second half of this year”., Al-Morished added.

Saudi Basic Industries Corporation

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X