National Industrialization Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,901	2,759.1	5.142	2,990.6	-2.996
Total Profit (Loss)	773.3	536.7	44.084	870.8	-11.196
Profit (Loss) Operational	682.4	557.2	22.469	785.8	-13.158
Net Profit (Loss) after Zakat and Tax	259.4	191.6	35.386	395.8	-34.461
Total Comprehensive Income	186.2	330.8	-43.712	231.2	-19.463
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	8,711.9	7,907.1	10.178
Total Profit (Loss)	2,462.1	1,388.6	77.308
Profit (Loss) Operational	2,160.5	1,224.8	76.396
Net Profit (Loss) after Zakat and Tax	1,016.5	388.4	161.714
Total Comprehensive Income	821	621.7	32.057
Total Share Holders Equity (after deducting minority equity)	9,237.9	7,980.5	15.755
Profit (Loss) per Share	1.52	0.58
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	The increase in net profit is attributable to the increase in average sales prices of Titanium Dioxide products , despite the impact of an impairment charge to non-current assets by one of the subsidiaries, increase in other expenses as a result of recording a provision to fund the liabilities of one of the companies in Acrylic complex, increase in financial charges and Zakat and income tax provisions.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	The increase in net profit is attributable to the increase in average sales prices of Titanium Dioxide products and the increase in company's share of net profit from associates and joint ventures due to increase in average sales prices for certain petrochemical products, despite the impact of an impairment charge to non-current assets by one of the subsidiaries, higher selling general & admin expenses, increase in other expenses as a result of recording a provision to fund the liabilities of one of the companies in Acrylic complex and increase in Zakat and income tax provisions
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year	Major factors for reduction in net profit are decrease in sales volume and average sales prices of Titanium Dioxide products; impact of an impairment charge to non-current assets by one of the subsidiaries; increase in other expenses as a result of recording a provision to fund the liabilities of one of the companies in Acrylic complex and the increase in financial charges and Zakat and income tax provisions.
Type of the external auditor's opinion	Unmodified opinion
Reclassifications in quarter financial result	Certain corresponding figures for the last year have been reclassified to be aligned with presentation of the current period.

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