News

National Petrochemical Co. announces its Interim consolidated Financial Results for the Period Ending on 2019-09-30 (Nine Months)

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue1,9582,297-14.7581,65118.594
Gross Profit (Loss)495736-32.7444529.513
Operational Profit (Loss)335569-41.1243214.361
Net Profit (Loss) after Zakat and Tax171307-44.299183-6.557
Total Comprehensive Income171307-44.299183-6.557
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue5,6296,747-16.57
Gross Profit (Loss)1,4732,238-34.182
Operational Profit (Loss)1,0321,748-40.961
Net Profit (Loss) after Zakat and Tax542929-41.657
Total Comprehensive Income542929-41.657
Total Share Holders Equity (after Deducting Minority Equity)8,0427,4867.427
Profit (Loss) per Share1.131.94
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed toThe decrease in net profit during the current quarter compared with the same quarter of last year is attributable to lower average selling prices and decrease in other income.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed toThe decrease in net profit during the current quarter compared with previous quarter is attributable to higher in sales and distribution expenses due higher in sales, decrease in other income, Increase in zakat expenses. Noting that there was a decrease in financing cost.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed toThe 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.
Basis of the External Auditor’s OpinionUnmodified opinion
Reclassification of Comparison ItemsCertain 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.