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Saudi Kayan Petrochemical Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

10-29-2018

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue3,376.062,703.0924.8963,524.24-4.204
Total Profit (Loss)929.48780.9419.021,300.66-28.537
Profit (Loss) Operational761.53624.0122.0381,116.45-31.79
Net Profit (Loss) after Zakat and Tax471.9381.0323.848878.65-46.292
Total Comprehensive Income471.43370.6127.203879.29-46.385

All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue9,627.647,678.9925.376
Total Profit (Loss)3,091.772,072.7849.16
Profit (Loss) Operational2,599.051,618.8660.548
Net Profit (Loss) after Zakat and Tax1,813.14888.49104.069
Total Comprehensive Income1,835.78878.07109.069
Total Share Holders Equity (after deducting minority equity)15,743.2413,908.0413.195
Profit (Loss) per Share0.310.25

All figures are in (Millions) Saudi Arabia, Riyals

Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous yearThe reason for increase in net profit is due to improvement in operating performance for most of the plants that contributed to increase in quantities produced and sold, in addition to increase in the average selling prices of products, despite of increase in average feedstock price.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarterThe reason for increase in net profit is due to improvement in operating performance for most of the plants that contributed to increase in quantities produced and sold, in addition to increase in the average selling prices of products, despite of increase in average feedstock price.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous yearThe reason for decrease in net profit is due to decrease in the average selling prices of products and increase in average feedstock price, despite of improvement in operating performance for most of the plants that contributed to increase in quantities produced and sold.
Type of the external auditor's opinionUnmodified opinion
Reclassifications in quarter financial resultCertain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period.
Additional InformationBased on the positive results during previous periods, all losses accumulated over previous years were covered. The retained earnings as of 30 September 2018 amounted SR 72.9 million compared to the accumulated losses of the previous quarter amounting to SR 398 million.