| Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year |
The reason of increase in net profit due to increase in sold quantities and increase in average selling prices of Company’s products. In addition, decrease in net profit in same quarter of previous year due to SAFCO 4 turnaround reliability enhancement project for Ammonia plant and SAFCO 5 Schedule Shutdown which were mentioned in the company annual report. Moreover, zakat expense increased due to increase in the profit for the company and to meet possible obligation for previous years and 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 increase in net profit due to increase in average selling prices of the company’s products . On the other hand, a decrease in the company’s share of Ibn Al-Baytar Company profit and a slight decrease on sold quantities of company's products had 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 increase in net profit due to increase in quantities sold for Company’s products and the average selling prices. In addition, the company's share of Ibn Al-Baytar profits was increased. On the other hand, Costs were increased due to the restructuring of the Comapny organization to meet future challenges which was published earlier. Also, zakat expense increased due to increase in the profit for the company and to meet possible obligation for previous years. |
| Type of the external auditor's opinion |
Unmodified opinion |
| External auditor's report containing reservation |
The financial statements of the Company for the year ended December 31, 2017, were audited by another auditor who expressed an unmodified opinion on these statements on 6 Jumada II 1439H (corresponding to 22 February 2018). |
| 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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