2010 · 27/01/2019 08:00:21 · Announcement #53301 · View on Saudi Exchange

Saudi Basic Industries Corp. announces its interim Financial results for the period ending on 2018-12-31 ( Twelve Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 40.1340.33-0.49543.75-8.274
Total Profit (Loss) 12.2412.47-1.84415.05-18.671
Profit (Loss) Operational 6.56.57-1.0659.99-34.934
Net Profit (Loss) after Zakat and Tax 3.243.7-12.4326.1-46.885
Total Comprehensive Income 3.944.49-12.2495.84-32.534
All figures are in (Billions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 169.09149.7712.899
Total Profit (Loss) 57.6649.9115.527
Profit (Loss) Operational 36.332925.275
Net Profit (Loss) after Zakat and Tax 21.5418.4316.874
Total Comprehensive Income 22.0521.492.605
Total Share Holders Equity (after deducting minority equity) 173.11163.925.606
Profit (Loss) per Share 7.186.14
All figures are in (Billions) Saudi Arabia, Riyals
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The decrease in net income is attributable to lower average selling prices and decrease in share of results of associates and joint ventures
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The decrease in net income is attributable to lower average selling prices and increase in selling, general and administrative expenses
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous 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
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Certain prior period figures have been re-classified to confirm with the presentation in the current period

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