Saudi Kayan has announced its 3Q17 financial results, showing net profit of SAR381mn (+141% Y-o-Y, +57% Q-o-Q). Gross profit came in at SAR814mn (+40% Y-o-Y, +31% Q-o-Q), while operating profit was stated at SAR624mn (+62% Y-o-Y, +42% Q-o-Q). Revenues came at SAR2,703mn, which represent 17% Y-o-Y growth. The company stated that the substantial Q-o-Q improvement came on the back of: i) increase in average chemicals prices; and ii) improvement in sales volume. Feedstock prices, SG&A and zakat provisions increased, but this did not pull back the operational results due to robust volumes and prices.