Saudi Basic Industries Corp. 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 | 37.37 | 41.86 | -10.726 | 40.13 | -6.877 |
| Total Profit (Loss) | 11.39 | 14.53 | -21.61 | 12.24 | -6.944 |
| Profit (Loss) Operational | 6.15 | 8.95 | -31.284 | 6.5 | -5.384 |
| Net Profit (Loss) after Zakat and Tax | 3.41 | 5.51 | -38.112 | 3.24 | 5.246 |
| Total Comprehensive Income | 1.97 | 7.06 | -72.096 | 3.94 | -50 |
| All figures are in (Billions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after deducting minority equity) | 175.05 | 171.33 | 2.171 |
| Profit (Loss) per Share | 1.14 | 1.84 | |
| All figures are in (Billions) 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 income is attributable to lower average selling prices |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The increase in net income is attributable to lower selling, general and administrative expenses, lower other expenses and higher share of results of associates and joint ventures. Noting that in 1Q 2019 there was a decrease in average selling prices |
| Type of the external auditor's opinion | Unmodified opinion |
| Reclassifications in quarter financial result | Certain prior period figures have been re-classified to confirm with the presentation in the current period |
| Additional Information | On January 1st 2019 SABIC has adopted IFRS 16
Attached 1Q 2019 earnings release |
| Attached Documents |  |
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