| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 744.94 | 616.41 | 20.851 | 749.67 | -0.63 |
| Total Profit (Loss) | 218.08 | 221.95 | -1.743 | 277.14 | -21.31 |
| Profit (Loss) Operational | 190.55 | 195.36 | -2.462 | 246.61 | -22.732 |
| Net Profit (Loss) after Zakat and Tax | 202.2 | 208.41 | -2.979 | 253.34 | -20.186 |
| Total Comprehensive Income | 112.28 | 266.79 | -57.914 | 318.44 | -64.74 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,998.42 | 1,747.06 | 14.387 |
| Total Profit (Loss) | 614.36 | 585.33 | 4.959 |
| Profit (Loss) Operational | 531.86 | 504.42 | 5.439 |
| Net Profit (Loss) after Zakat and Tax | 553.09 | 527.28 | 4.894 |
| Total Comprehensive Income | 670.46 | 468 | 43.26 |
| Total Share Holders Equity (after deducting minority equity) | 3,232.87 | 3,091.18 | 4.583 |
| Profit (Loss) per Share | 2.811 | 2.679 | |
| 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 | Despite the increase in sales revenue by 20.9% due to increase in Polypropylene prices and quantities sold, Net Profit is slightly reduced by 3.0% due to increase in feedstock costs by 44.2% as a result of increase in Propane and outsourced Propylene prices and comparatively higher consumption of outsourced Propylene |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | Net Profit is significantly reduced by 20.2% mainly resulting from increase in feedstock costs by 11.6% due to increase in Propane prices and comparatively higher consumption of outsourced Propylene in addition to reduction in sales revenue by 0.6% due to lower Polypropylene prices |
| Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | Net Profit is increased by 4.9% due to increase in sales revenue by 14.4% mainly resulting from increase in Poplypropylene prices and increase in share in profit on investment in SK Advanced Co. Ltd. (associated company in South Korea) despite the increase in feedstock costs by 30.0% as a result of increase in Propane and outsourced Propylene prices and comparatively higher consumption of outsourced Propylene |
| Type of the external auditor's opinion | Unmodified opinion |
| External auditor's report containing reservation | These estimated financial results for the period ended September 30, 2018 are prepared by the management of the Company and these results are not reviewed by the external auditors. |
| Additional Information | Q3 2018 Net profit also includes SR 25.4 million share of profit on investment in SK Advanced Co. Ltd. in South Korea compared to SR 23.8 million for same quarter last year and SR 23.6 million for previous quarter. |
From January 1, 2018, the Company has adopted IFRS 9 and IFRS 15 with no material impact on its interim financial statements.
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