National Petrochemical Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,020 | 2,211 | -8.638 | 2,183 | -7.466 |
| Total Profit (Loss) | 526 | 763 | -31.061 | 447 | 17.673 |
| Profit (Loss) Operational | 376 | 606 | -37.953 | 261 | 44.061 |
| Net Profit (Loss) after Zakat and Tax | 187 | 334 | -44.011 | 236 | -20.762 |
| Total Comprehensive Income | 187 | 334 | -44.011 | 254 | -26.377 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after deducting minority equity) | 7,927 | 7,130 | 11.178 |
| Profit (Loss) per Share | 0.39 | 0.7 | |
| 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 sales value due the decrease in company products prices. - Noting that there was a decrease in selling and distribution expenses, finance cost and zakat expenses during the current quarter. |
| 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 with previous quarter is attributable to:
- A decrease in sales value due the decrease in company products prices. - Increase in zakat expenses. - Noting that there was a decrease in selling and distribution expenses and general and administrative expenses. |
| 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. |
| Additional Information | From January 1, 2019, the Company has adopted IFRS 16 with no material impact on its interim financial statements. |
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