The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The main reason for the increment in net profit during the current quarter compared with the same quarter of last year due to the following:1) Increase in the average selling prices of products.2) Decrease in the average cost of feedstock.3) Decrease in sales and distribution expenses, decrease in financial cost, decrease in zakat expenses, and decrease in general and administrative expenses. |
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The main reason for the increment in net profit during the current quarter compared with previous quarter due to the following:1) Increase in the average selling prices of products.2) Decrease in the zakat expenses. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The main reason for the decrease in net profit during the current period compared with net profit of the same period from last year due to the following:1- The permanent shutdown of the Polystyrene unit, and the total depreciation of its value during the current period, which impacted Petrochem net income by SR 254 million.2- Lower Product prices during the current period compared with same period from last year, and the decrease in the other income. |
Statement of the type of external auditor’s report | Unmodified conclusion |
Reclassification of Comparison Items | Certain figures of the prior year have been re-classified to conform to the current period presentation. |