National Petrochemical Co. announces its interim Financial results for the period ending on 2018-12-31 ( Twelve Months )

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	2,183	2,169	0.645	2,297	-4.962
Total Profit (Loss)	447	788	-43.274	736	-39.266
Profit (Loss) Operational	261	605	-56.859	569	-54.13
Net Profit (Loss) after Zakat and Tax	236	391	-39.641	307	-23.127
Total Comprehensive Income	254	382	-33.507	307	-17.263
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	8,930	7,364	21.265
Total Profit (Loss)	2,685	2,264	18.595
Profit (Loss) Operational	2,009	1,626	23.554
Net Profit (Loss) after Zakat and Tax	1,165	888	31.193
Total Comprehensive Income	1,183	879	34.584
Total Share Holders Equity (after deducting minority equity)	7,740	6,797	13.873
Profit (Loss) per Share	2.43	1.85
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	The decrease in net profit during the current quarter compared with the same quarter of last year is attributable to:- A Decrease in company products prices during the current quarter.- Accelerated depreciation of some asset related to the Polystyrene unit for SAR 236 million during the current quarter.- Non-operating profit during the fourth quarter of last year as a result of reversing Zakat provision.Noting that the company has gained non-operating profit during the current quarter due to receiving insurance claim proceeds of SAR 187 million.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	The decrease in net profit during the current quarter compared to the previous quarter is attributable to:- A Decrease in company product prices during the current quarter.- Accelerated depreciation of some asset related to the Polystyrene unit for SAR 236 million during the current quarter.- Increase in general and administrative expenses.- Increase in financial cost.Noting that the company has gained non-operating profit during the current quarter due to receiving insurance claim proceeds of SAR 187 million.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year	The increase in net profit during the current period compared with the same period of last year is attributable to:- Increase of sales value due to the improved production rates and average selling prices.- Decrease in general and administrative expenses.- Increase in Other income.- Decrease in Zakat expenses.Despite the increase in selling and marketing expenses due to the increase in sales and an increase in financing cost.
Type of the external auditor’s opinion	Unmodified opinion
Reclassifications in quarter financial result	Certain figures of the prior year have been re-classified to conform to the current period presentation.