Yansab quarterly profit up 220 percent
Nakheel Yanbu Petrochemical Company's net profits, "Yansab," jumped by 220% during the third quarter of this year, reaching 237.3 million riyals compared to 74.2 million riyals in the same period last year. This increase was driven by higher sales volumes and rising average selling prices for most products, despite increased costs of some production inputs. Revenues also grew by 27.5% to 1.67 billion riyals, as the company continued to improve operational efficiency. The CEO emphasized the ongoing focus on enhancing efficiency, strengthening factory reliability, and addressing economic and geopolitical challenges.
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