(MENAFN) Saudi Arabia's Yanbu National Petrochemical Co. (Yansab) registered a drop in the company's net profit by 20.1 percent in the July-September period of this year, Arab News reported.
During the third quarter of this year, the company, which a subsidiary of Saudi Basic Industries Corp. (SABIC), posted a net profit of USD184 million, a decline by 30 percent compared to USD230.51 million in the same period of 2013.
This decline, which the company contributed to a decline in sales volume, is the company's fourth straight quarterly profit decline.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.