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Saudi Kayan Petrochemical Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

22/04/2019

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue2,544.342,727.33-6.7092,635.51-3.459
Total Profit (Loss)261.82861.63-69.613273.54-4.284
Profit (Loss) Operational98.48721.06-86.34261.5260.078
Net Profit (Loss) after Zakat and Tax-197.48462.58--110.978.07
Total Comprehensive Income-216.44485.04--44.74383.772

All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after deducting minority equity)15,481.9114,392.517.569
Profit (Loss) per Share-0.130.31

All figures are in (Millions) Saudi Arabia, Riyals

Accumulated LossesCapitalPercentage %
188.3615,0001.25
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous yearThe reason of net loss during the current quarter is due to the decrease in the average selling prices of the products, as well as increase in the finance charges, despite improved operating performance of the Company plants and increase in quantities produced and sold.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarterThe reason of increase in net loss during the current quarter is due to the decrease in the average selling prices of the products, as well as increase in the finance charges, despite the an increase in quantities sold and decrease in general & administrative expenses.
Type of the external auditor's opinionUnmodified 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 period.
Additional InformationFrom January 1, 2019, the Company has adopted IFRS 16 with no material impact on its interim financial statements.