News

National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2019-12-31 ( Twelve Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue1,8062,183-17.2691,958-7.763
Gross Profit (Loss)403447-9.843495-18.585
Operational Profit (Loss)249261-4.597335-25.671
Net Profit (Loss) after Zakat and Tax131236-44.491171-23.391
Total Comprehensive Income104254-59.055171-39.181
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue7,4358,930-16.741
Gross Profit (Loss)1,8762,685-30.13
Operational Profit (Loss)1,2812,009-36.236
Net Profit (Loss) after Zakat and Tax6731,165-42.231
Total Comprehensive Income6461,184-45.439
Total Share Holders Equity (after Deducting Minority Equity)8,1467,7405.245
Profit (Loss) per Share1.42.43
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 selling prices, decrease in other income and increase in zakat expenses.Noting that there was a decrease in sales and distribution expenses general and administrative expenses and financing cost.
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 lower selling prices and increase in general and administrative expenses.Noting that there was a decrease in sales and distribution expenses increase other income and decrease in zakat expenses.
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 selling prices and decrease in other income.Noting that there was a decrease in sales and distribution expenses general and administrative expenses financing costs and zakat expenses.
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 1 January 2019 the Company has adopted IFRS 16 with no material impact on its interim financial statements.