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Saudi Kayan Petrochemical Co. announces it Annual financial results ending on 2018-12-31

1/21/2019

Element List
Current Year
Previous Year
%Change
Sales/Revenue 
12,263.15
9,983.92
22.829
Total Profit (Loss)
3,365.32
2,228.38
51.02
Profit (Loss) Operational 
2,660.58
1,630.48
63.177
Net Profit (Loss) after Zakat and Tax
1,702.24
668.17
154.761
Total Comprehensive Income
1,790.89
656.7
172.71
Total Share Holders Equity (after deducting minority equity)
15,698.36
13,908.04
12.872
Profit (Loss) per Share
1.13
0.44
-


Element ListExplanation
Reason for increase (decrease) in net profit for current year compared to last yearThe reason of increase in net profit is due to the improvement in the operating performance for most of the plants that contributed to increase in quantities produced and sold and increase of average selling prices, despite of increase in administrative and general expenses selling and distribution and Finance charges.

Type of the external auditor's opinion

Unmodified opinion
Reclassifications in quarter financial result

Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current perio

Additional Information 

From January 1, 2018, the Company has adopted IFRS 9 and IFRS 15 with no material impact on the annual financial statements. Note that the Company will adopt IFRS No. 16 starting on January 1, 2019