| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
6.7
|
3.71
|
80.59
|
5.51
|
21.6
|
| Gross profit (loss) |
15.86
|
10.35
|
53.24
|
14.21
|
11.61
|
| Operational profit (loss) |
10.83
|
5.58
|
94.09
|
8.94
|
21.14
|
| All figures are in (Billions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
12.2
|
8.94
|
36.47 |
| Gross profit (loss) |
30.08
|
23.88
|
25.96 |
| Operational profit (loss) |
19.77
|
13.92
|
42.03 |
| Earning or loss per share, Riyals |
4.07
|
2.98
|
- |
| All figures are in (Billions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The increase in net income is attributable to higher average selling prices and increase in sales volumes |
| Reasons of increase (decrease) for period compared with same period last year | The increase in net income is attributable to higher average selling prices and increase in sales volumes. Noting that during this period SABIC implemented strategic restructuring initiative with an impact on total cost amounted to SR 1.1 billion |
| Reasons of increase (decrease) for quarter compared with previous quarter | The increase in net income is attributable to higher sales volumes in addition to implementing strategic restructuring initiative during previous quarter with an impact on Q1 2018 total cost amounting to SR 1.1 billion |
| Reclassifications in quarterly financial results | Prior period figures have been re-classified to conform with the presentation in the current period. |
| Other notes | Sales for the current quarter amounted to SR. 43.28 billion compared to SR. 34.44 billion for the same quarter last year with an increase of 26% and compared to 41.86 in previous quarter with an increase of 3% Sales for the current period amounted to SR. 85.15 billion compared to SR. 70.76 billion for the same period last year with an increase of 20% Total comprehensive income for the quarter amounted to is SR. 5.20 billion compared to SR. 5.65 billion for the same quarter last year with a decrease of 8% and compared to SR 7.06 billion in previous quarter with decrease of 26% Total comprehensive income for the current period amounted to SR. 12.27 billion compared to SR. 11.07 billion for the same period last year with an increase of 11% The shareholders equity (Excluding non controlling interests) at the end of the period is SR. 163.33 billion compared to SR. 156.60 billion at the end of the same period last year with an increase of 4% The External Auditor reviewed the financial statements and issued an unmodified review report. |
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