News

National Petrochemical Co. announces its interim Financial results for the period ending on 2019-06-30 ( Six Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue1,6512,239-26.2612,020-18.267
Total Profit (Loss)452739-38.836526-14.068
Profit (Loss) Operational321573-43.979376-14.627
Net Profit (Loss) after Zakat and Tax183288-36.458187-2.139
Total Comprehensive Income183288-36.458187-2.139
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue3,6714,450-17.505
Total Profit (Loss)9781,502-34.886
Profit (Loss) Operational6971,179-40.882
Net Profit (Loss) after Zakat and Tax371622-40.353
Total Comprehensive Income371622-40.353
Total Share Holders Equity (after deducting minority equity)7,8717,1789.654
Profit (Loss) per Share0.771.3
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 decrease in net profit during the current quarter compared with the same quarter of last year is attributable to lower average selling prices, noting that there was a decrease in sales and distribution expenses, general and administrative expenses, financing costs, zakat expenses, At the same time, an increase in other income during the current quarter.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarterThe decrease in net profit during the current quarter compared with previous quarter is attributable to lower average selling prices, noting that there was a decrease in sales and distribution expenses, general and administrative expenses, financing costs, zakat expenses, At the same time, an increase in other income during the current quarter.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous yearThe decrease in net profit during the current period compared with the similar period of last year is attributable to lower average selling prices, noting that there was a decrease in sales and distribution expenses, general and administrative expenses, financing costs, zakat expenses, At the same time, an increase in other income during the current period.
Type of the external auditor’s opinionUnmodified opinion
Reclassifications in quarter financial resultCertain figures of the prior year have been re-classified to conform to the current period presentation.
Additional InformationFrom January 1, 2019, the Company has adopted IFRS 16 with no material impact on its interim financial statements.