Saudi Chemical Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)

30 April 2018 03:06 PM

CHEMICAL 2230 120.96% 8.75 4.79

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	56.42	55.2	2.21	-	-
Gross profit (loss)	121.48	118.4	2.6	-	-
Operational profit (loss)	71.27	66.4	7.33	-	-
Earning or loss per share, Riyals	0.89	0.87	-	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The increase in net profit, operating profit and gross profits is mainly due to the increase in sales, and to the slight decrease in general and administrative expenses.
Reclassifications in quarterly financial results	Certain figures of comparatives have been reclassified to conform to the current presentation.
Other notes	Total revenues for the current quarter ended 31 March 2018 was SR 791.18 million compared to SR 724.68 million for the corresponding quarter of the previous year with an increase of 9.2%. Total shareholders' equity (excluding minority interests) as of 31 March 2018 was SR 1,539.89 million compared to SR 1,483.47 million as of 31 December 2017 with an increase of 3.8%. The total comprehensive income for the current quarter was amounted to SR 56.79 million compared to SR 55.56 million for the same quarter of the previous year with an increase of 2.21%.

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