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

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Ghana to set up equipment hub for apparel sector

Apparel/Garments | On 23rd Jan 2018

Ghana to set up equipment hub for apparel sector

As part of efforts to seek ways to improve market access for Ghana’s...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Neel Sawhney
One Friday

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

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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