National Petrochemical Co. announces its interim Financial results for the period ending on 2018-12-31 ( Twelve Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,183 | 2,169 | 0.645 | 2,297 | -4.962 |
| Total Profit (Loss) | 447 | 788 | -43.274 | 736 | -39.266 |
| Profit (Loss) Operational | 261 | 605 | -56.859 | 569 | -54.13 |
| Net Profit (Loss) after Zakat and Tax | 236 | 391 | -39.641 | 307 | -23.127 |
| Total Comprehensive Income | 254 | 382 | -33.507 | 307 | -17.263 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 8,930 | 7,364 | 21.265 |
| Total Profit (Loss) | 2,685 | 2,264 | 18.595 |
| Profit (Loss) Operational | 2,009 | 1,626 | 23.554 |
| Net Profit (Loss) after Zakat and Tax | 1,165 | 888 | 31.193 |
| Total Comprehensive Income | 1,183 | 879 | 34.584 |
| Total Share Holders Equity (after deducting minority equity) | 7,740 | 6,797 | 13.873 |
| Profit (Loss) per Share | 2.43 | 1.85 | |
| 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 decrease in net profit during the current quarter compared with the same quarter of last year is attributable to: - A Decrease in company products prices during the current quarter. - Accelerated depreciation of some asset related to the Polystyrene unit for SAR 236 million during the current quarter. - Non-operating profit during the fourth quarter of last year as a result of reversing Zakat provision. Noting that the company has gained non-operating profit during the current quarter due to receiving insurance claim proceeds of SAR 187 million. |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The decrease in net profit during the current quarter compared to the previous quarter is attributable to: - A Decrease in company product prices during the current quarter. - Accelerated depreciation of some asset related to the Polystyrene unit for SAR 236 million during the current quarter. - Increase in general and administrative expenses. - Increase in financial cost. Noting that the company has gained non-operating profit during the current quarter due to receiving insurance claim proceeds of SAR 187 million. |
| Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | The increase in net profit during the current period compared with the same period of last year is attributable to: - Increase of sales value due to the improved production rates and average selling prices. - Decrease in general and administrative expenses. - Increase in Other income. - Decrease in Zakat expenses. Despite the increase in selling and marketing expenses due to the increase in sales and an increase in financing cost. |
| Type of the external auditor's opinion | Unmodified opinion |
| Reclassifications in quarter financial result | Certain figures of the prior year have been re-classified to conform to the current period presentation. |
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