Saudi Basic Industries Corp. announces its Annual financial results for the period ending on 2018-12-31

12 March 2019 03:20 PM

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Element List	Current Year	Previous Year	%Change
Sales/Revenue	169.13	149.77	12.926
Total Profit (Loss)	57.61	49.91	15.427
Profit (Loss) Operational	36.26	29	25.034
Net Profit (Loss) after Zakat and Tax	21.52	18.43	16.766
Total Comprehensive Income	22.02	21.49	2.466
Total Share Holders Equity (after deducting minority equity)	173.08	163.92	5.588
Profit (Loss) per Share	7.17	6.14
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current year compared to last year	The increase in net income is attributable to higher average selling prices and increase in sales volumes. Noting that during this year SABIC implemented strategic restructuring initiative with an impact on total cost amounted to SR 1.1 billion
Type of the external auditor's opinion	Unmodified opinion
Reclassifications in annual financial results	Certain prior period figures have been re-classified to confirm with the presentation in the current year

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