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Saudi Kayan Petrochemical Co. announces its interim Financial results for the period ending on 2019-06-30 ( Six Months )

SAUDI KAYAN 2350 -1.13% 10.46 -0.12
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 2,429.17 3,524.24 -31.072 2,544.33 -4.526
Total Profit (Loss) 192.53 1,300.66 -85.197 261.82 -26.464
Profit (Loss) Operational 39.58 1,116.45 -96.454 98.48 -59.809
Net Profit (Loss) after Zakat and Tax -273.13 878.65 - -197.48 38.307
Total Comprehensive Income -289.06 879.29 - -216.44 33.552
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 4,973.51 6,251.58 -20.443
Total Profit (Loss) 454.36 2,162.29 -78.987
Profit (Loss) Operational 138.07 1,837.52 -92.486
Net Profit (Loss) after Zakat and Tax -470.62 1,341.24 -
Total Comprehensive Income -505.51 1,364.34 -
Total Share Holders Equity (after deducting minority equity) 15,192.85 15,271.81 -0.517
Profit (Loss) per Share -0.31 0.89
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated Losses Capital Percentage %
477.44 15,000 3.18
Element List Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The reason of net loss is due to a decrease in the average selling prices of products and increase in financing costs, despite of decrease in average cost of feedstock, administrative and general expenses, selling and distribution expenses and decrease provision for Zakat.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The reason of increase in net loss is due to a decrease in the average selling prices of most products and decrease in sold quantities, in addition to increase in financing costs and average cost of feedstock.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year The reason of net loss is due to a decrease in the average selling prices of products, increase in financing costs, despite of decrease in average cost of feedstock ,administrative and general expenses, increased quantities produced and sold, and reduced provision for Zakat.
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period.

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