Saudi Chemical Co. announces its Annual financial results for the period ending on 2018-12-31
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 2,948,532 | 2,474,341 | 19.164 | ||
Total Profit (Loss) | 410,444 | 396,313 | 3.565 | ||
Profit (Loss) Operational | 183,935 | 187,553 | -1.929 | ||
Net Profit (Loss) after Zakat and Tax | 114,824 | 142,147 | -19.221 | ||
Total Comprehensive Income | 118,107 | 142,413 | -17.067 | ||
Total Share Holders Equity (after deducting minority equity) | 1,522,525 | 1,483,468 | 2.632 | ||
Profit (Loss) per Share | 1.82 | 2.25 | |||
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
Reason for increase (decrease) in net profit for current year compared to last year | The decrease in net profit is mainly due to the decrease in sales of explosives which have higher profit margin, despite the growth in pharmaceutical sales which have lower profit margin. In addition to the increase in operational expenses (of pharmaceutical sector due to the increase in sales) and the increase in Islamic financial charges. |
Type of the external auditor's opinion | Unmodified opinion |
Reclassifications in annual financial results | Certain figures of comparatives have been reclassified to conform to the current presentation. |
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