News

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

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 2,020 2,211 -8.638 2,183 -7.466
Total Profit (Loss) 526 763 -31.061 447 17.673
Profit (Loss) Operational 376 606 -37.953 261 44.061
Net Profit (Loss) after Zakat and Tax 187 334 -44.011 236 -20.762
Total Comprehensive Income 187 334 -44.011 254 -26.377
All figures are in (Millions) Saudi Arabia, Riyals

 

ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Total Share Holders Equity (after deducting minority equity) 7,927 7,130 11.178
Profit (Loss) per Share 0.39 0.7
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 sales value due the decrease in company products prices.- Noting that there was a decrease in selling and distribution expenses, finance cost and zakat expenses during the current quarter.
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 with previous quarter is attributable to:- A decrease in sales value due the decrease in company products prices.- Increase in zakat expenses.- Noting that there was a decrease in selling and distribution expenses and general and administrative expenses.
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.
Additional Information From January 1, 2019, the Company has adopted IFRS 16 with no material impact on its interim financial statements.