National Petrochemical Co. announces its Annual financial results for the period ending on 2018-12-31
| Element List | Current Year | 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 | 1,184 | 879 | 34.698 | ||
| 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 year compared to last year | The increase in net profit during the current year 2018 compared with the previous year 2017 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 annual financial results | Certain figures of the prior year have been re-classified to conform to the current period presentation. |
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