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الاقتصادية
Yansab profits quadruple on favorable prices
A report highlights Yanbu National Petrochemical Company's "Yansab" performance during the second quarter of 2026, where its profits doubled by 51% to achieve the highest earnings in four years. This growth was driven by increased product prices and a significant improvement in profit margins, despite rising costs. Profits were supported by increased demand for the company's products, especially in the Asian and Middle Eastern markets, alongside expanded exports via Red Sea ports amid regional geopolitical tensions. The company also saw a notable rise in profit margins, with gross margins increasing by 28.4%, along with doubled net and operating profit margins, leading to strong financial results despite higher costs and expenses. The company's outlook suggests a continuation of gradual improvement in the petrochemical sector during the third quarter of 2026, while monitoring the impact of geopolitical tensions on supply chains and global markets.
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