Saudi Kayan Petrochemical Company reported earnings results for the fourth quarter and year ended December 31, 2017. The company has posted net loss of SAR 220.32 million compared to net profit of SAR 381.03 million a year ago, the reason for net loss is due to the decrease in the quantities produced and sold caused by scheduled turnaround activities for most of the company’s plants. Sales revenues for the quarter ended 31 December 2017 amounted to SAR 2,305 million, decrease of 5.84% compared to sales revenues for the same quarter of the previous year amounting to SAR 2,448 million. Operational profit of SAR 11.6 million compared to SAR 624.1 million a year ago. For the whole of 2017, the company has posted a net profit of SAR 668.17 million compared to 152.05 million a year ago. The reason for increase in net profit is due to increase in average selling prices of products and improvement in operating performance despite of increase in the average feedstock prices, Zakat provision and financial charges. Sales revenues for the period ended 31 December 2017 amounted to SAR 9,984 million, increase of 15.97% compared to sales revenues of SAR 8,609 million for the same period last year. Operational profit of SAR 1,630.11 million compared to SAR 1,059.19 million a year ago. Earnings per share of SAR 0.45 compared to SAR 0.1 per share a year ago.