7.2 billion Saudi petrochemical companies earnings within three months.

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< The petrochemical sector recorded “» shares listed on the Saudi stock market rise in its net profits during the first quarter of this year, to 7.2 billion reais ($ 1.92 billion) in Exchange for 3.7 billion reais ($ 1.92 billion) for the first quarter of 2016, rising 95 percent, against 4.2 billion reais ($ 1.11 billion) for the previous quarter, an increase of 72 percent, came as a result of higher average selling prices of the products.
And private sector shareholding company 11 was recorded during the first quarter, growth in their profits, which totaled 7.45 billion. In contrast, three companies recorded losses during the first quarter amounted to 249.5 million.
Came the Saudi basic industries Corporation (SABIC) on top of the winning companies on the market and the «PC», net profit for the first quarter amounted to 5.24 billion, representing 70 percent of total corporate profits trump card, compared with 2.91 billion for the first quarter of last year, an increase of 80 percent, the company returned to the higher average selling prices of the products, the total sales or total revenue during the current quarter 36.95 billion, versus 33.47 billion for the same quarter last year, rising 10 percent, as total comprehensive income during the current quarter, 5.42 billion, compared with 3.13 billion for the same quarter last year, an increase of 73 percent, compared to 4.83 billion the previous quarter, an increase of 12 percent.
Earnings rose «SABIC» about first quarter 2017, by 51.4 percent from the fourth quarter of last year, profits reached 3.46 percent, came as a result of higher average selling prices of the products.
Replaced the Yanbu national petrochemical company (yansab) ranked second, with net profit 608 million reais, compared with 422 million for the first quarter, rising 44.2 percent, versus the previous quarter 609 million riyals, slipped 0.15 percent, and the company because of the rise in profits, during the current quarter, compared with the same quarter of the previous year, higher average selling prices for all products, the quantities sold increased despite the higher average price of feedstock materials.
The total sales of «flowing» attained during the first quarter of this year, compared with 1.759 billion riyals 1.346 billion for the same quarter last year, an increase of 30.6 percent, and total comprehensive income during the first quarter of this year 608.2 million, compared to 399 million for the same quarter of the previous year, an increase of 34.4 percent. Saudi Arabic fertilizer company (SAFCO) came third among private sector companies, 423 million net profit, compared with 279 million for the same period of last year, rising 52 percent, against 265 million for the fourth quarter, 2016, an increase of 60 percent, with earnings to 1.02 riyals, compared to 0.67 reais for the first quarter of 2016, the company because of the rise in net profit to higher selling prices for a product «Peoria» and lower costs due to reduced sales quantities sold, adding The company’s share of the profits to rise the Ibn Al-Bitar.
And sales revenue of the company «company» in the first quarter of 2017 $847 million, equivalent to 22.48 percent, when compared with sales revenue in the same quarter of the previous year, totalling 291 million.
And Saudi industrial investment group came in fourth place, a net profit of 310 million reais, compared with 29 million for the same period last year, an increase of 967 percent, versus 52 million for the previous quarter, rising 496 percent, with earnings per share to 69 Halas, versus six halalas.
And brought back Saudi industrial investment group because of the altitude, the current quarter, compared with the same quarter of the previous year, the Group’s share to rise in the profits of jointly managed projects, the current quarter 261 million, versus 93 million for the same quarter of the previous year. Group share in profits and soaring national petrochemical company (petrochem) to $84 million in the current quarter, versus 61 million for the same quarter of the previous year, and low payments funding group for manufacturing petrochemicals company.
And dissolved the company «» Saudi entity qui, net profit for the first quarter of $265.4 million, versus a loss of $195 million in the first quarter of 2016, with EPS 18 Halas, versus a loss per share of 13 Halas in the first quarter of last year, because of the rise in profits this quarter, compared with the same quarter of the previous year, to increase the quantities produced and sold, and higher average selling prices Products, and improve operational performance, and this improvement in results achieved despite higher average prices for feedstock materials and high financial expenditures. And achieved national petrochemical company (petrochem) net profit of 168 million, as opposed to 121.4 million for the first quarter, rising 38.3 percent, with earnings per share to 34 Halas, versus 25 cent Q1 2016, the company returned to the higher average prices and improved revenue. Earnings amounted to «advanced» petrochemical 124.4 million, compared with 143 million for the first quarter of 2016, down 13 percent, versus 208 million for the previous quarter, plummeting 40 percent.
437 billion market value of companies «PC»
< Total number of companies listed their shares in the stock market from the «PC» 14 stock company, whose market value has risen by market close last weekend, to 437 billion, representing 25 percent of each market, while petrochemical companies capital 92 billion.
Come on Saudi basic industries Corporation (SABIC) in the lead for a capital of 30 billion, followed by company «entity» 15 billion Saudi riyals, then company «rabigh refining and petrochemical», with a capital of 8.76 billion, with longer Lujain least listed companies in the sector, with total capital of 692 million.

Source: Alhayat

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