2230 · 07/05/2019 15:43:14 · Announcement #54837 · View on Saudi Exchange

Saudi Chemical Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 842.4791.26.471872.8-3.483
Total Profit (Loss) 114.3121.5-5.925111.22.787
Profit (Loss) Operational 57.471.3-19.49545.825.327
Net Profit (Loss) after Zakat and Tax 39.356.4-30.31917.1129.824
Total Comprehensive Income 39.356.4-30.31920.492.647
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after deducting minority equity) 1,561.81,522.52.581
Profit (Loss) per Share 0.620.89
All figures are in (Millions) 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 profit is mainly due to the decrease in sales of explosives which have higher profit margin, despite the growth in pharmaceutical sales which have lower profit margin, in addition to the increase in operational expenses (of pharmaceutical sales due to the increase in sales) and record the costs of two production lines in Aja's plant(subsidiary company) during the current quarter to start commercial production and the increase in Islamic financial charges
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The increase in net profit is mainly due to the decrease in operational expense, in addition to the decrease in Islamic financial charges and in zakat expenses.
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Certain figures of comparatives have been reclassified to conform to the current presentation

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