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Saudi Arabian Fertilizer Co. (SAFCO) announces the interim financial results for the period ending on 30-09-2018 ( Nine Months )

SABIC AGRI-NUTRIENTS 2020.B 1.52% 133.60 2.00

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 1,008.66 617.28 63.403 950.31 6.14
Total Profit (Loss) 584.54 268.55 117.665 499.24 17.085
Profit (Loss) Operational 481.23 175.03 174.941 395.28 21.744
Net Profit (Loss) after Zakat and Tax 522.24 188.42 177.168 410.46 27.232
Total Comprehensive Income 487.98 215.44 126.503 425.54 14.673
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 2,769.73 2,143.41 29.22
Total Profit (Loss) 1,442.1 1,050.56 37.269
Profit (Loss) Operational 1,118.09 774 44.456
Net Profit (Loss) after Zakat and Tax 1,169.9 816.12 43.349
Total Comprehensive Income 1,301.8 859.75 51.416
Total Share Holders Equity (after deducting minority equity) 7,329.09 6,797.63 7.818
Profit (Loss) per Share 2.81 1.96
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 reason of the increase in the net profit due to increase in sold quantities and increase in average selling prices of Company’s products. In addition, increase in the company’s share of the profit from Ibn Al-Baytar Company.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The reason of the increase in the net profit due to increase in average selling prices of the company’s products and increase in the company’s share of the profit from Ibn Al-Baytar Company. On the other hand, sold quantities of company products decreased, which has partially limiting the positive impact of the increase.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year The reason of the increase in the net profit due to the increase in the quantities sold for Company’s products and the average selling prices of the Urea product. In addition, the company's share of the profits from Ibn Al-Baytar increased. On the other hand, costs increased due to the restructuring of the organization to meet future challenges and support of the company's strategy, which was published earlier.
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Certain items have been restated in the financial statements for the previous period in line with the presentation of the current period

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