| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
188
|
234.18
|
-
|
186.59
|
0.76
|
| Gross profit (loss) |
202
|
248.32
|
-
|
201.28
|
0.36
|
| Operational profit (loss) |
193
|
240.55
|
-
|
191.56
|
0.75
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
521
|
566.95
|
- |
| Gross profit (loss) |
560
|
623.43
|
- |
| Operational profit (loss) |
529
|
594.42
|
- |
| Earning or loss per share, Riyals |
2.65
|
2.88
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The decrease in net profit is mainly attributable to decrease in polypropylene market prices |
| Reasons of increase (decrease) for period compared with same period last year | Net profit is lower compared to same period last year mainly due to decrease in polypropylene market prices despite increase in sales volume and lower feedstock prices |
| Reasons of increase (decrease) for quarter compared with previous quarter | Net profit is slightly higher due to lower feedstock prices |
| Other notes | Q3 2016 net profit also includes SR 14.3 million share of profit on equity investment in SK Advanced Co. Ltd. (associated company) as well as provision for impairment loss of SR 14.0 million on available for sale investments. The sales revenue for quarter ended September 30, 2016 amounted to SR 529 million, a decrease of 16.4% compared to the same quarter last year of SR 632 million. The sales revenue for the period ended September 30, 2016 is SR 1,563 million, a decrease of 14.8% compared to same period last year of SR 1,835.3 million. The total shareholders' equity as at September 30, 2016 is SR 2,743 million compared to shareholders' equity of SR 2,420 million at September 30, 2015 with increase of 13.3%. Earning per share for same period last year is adjusted due to increase in number of shares as a result of bonus shares issued pursuant to approval from EGM dated July 28, 2016 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.