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Saudi Kayan Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine 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 2,303.21 3,376.06 -31.778 2,429.17 -5.185
Gross Profit (Loss) 375.42 929.48 -59.609 192.53 94.992
Operational Profit (Loss) 201.23 761.53 -73.575 39.58 408.413
Net Profit (Loss) after Zakat and Tax 1.25 471.9 -99.735 -273.13 -
Total Comprehensive Income -77.6 471.43 - -289.06 -73.154
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 7,276.72 9,627.64 -24.418
Gross Profit (Loss) 829.79 3,091.77 -73.161
Operational Profit (Loss) 339.3 2,599.05 -86.945
Net Profit (Loss) after Zakat and Tax -469.36 1,813.14 -
Total Comprehensive Income -583.11 1,835.78 -
Total Share Holders Equity (after Deducting Minority Equity) 15,115.24 15,743.24 -3.989
Profit (Loss) per Share -0.31 1.21
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated Losses Capital Percentage %
555.03 15,000 3.7
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to The reason of decrease in net profit is due to a decrease in the selling prices of products, despite a decrease in average cost of feedstock and general and administrative expenses as well as a decrease in financing costs due to the implementation of the company strategy to reduce financing costs, which was previously announced on Tadawul on June 12. 2019.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The reason for achieving net profit is due to a decrease in the average cost of feedstock as well as a decrease in financing costs as a result of the implementation of the company strategy to reduce financing costs, which was previously announced on the Tadawul website on June 12, 2019, despite the decrease in selling prices of products.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The main reason for achieving the net loss is due to the decrease in the average selling prices of the products, despite a decrease in the average cost of feedstock , decrease in general and administrative expenses and increase in the quantities sold.
Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period.

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