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Yansab net profit down, shares up
- Saudi Arabia: Saturday, February 09 - 2013 at 17:15
The Tadawul All-Share Index closed 0.20% higher at 6,996.72 points Saturday. Sabic halted a 4-day decline by closing unchanged at SR92. Yanbu National Petrochemical Company or Yansab increased 0.93% to reach SR54. Earlier in the day, Yansab said it generated in 2012 a net income of SR2.45b, representing a decrease of 22.9%. Yansab said the decrease was triggered "by lower prices of most products, however, the increase in the sold quantities contributed to the reduction of the decrease." Year to date, Yansab shares gained 8.4%.
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Gérard Al-Fil, Financial JournalistSaturday, February 09 - 2013 at 17:15 UAE local time (GMT+4)
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