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25 April 03:28 PM

Saudi Basic Industries Corp. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )

Default Company 2010.O 0.00% 0.00 0.00
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 33.69 43.71 -22.923 35.87 -6.077
Gross Profit (Loss) 9.63 15.13 -36.351 10.03 -3.988
Operational Profit (Loss) 4.66 9.96 -53.212 4.83 -3.519
Net Profit (Loss) after Zakat and Tax 0.83 6.1 -86.393 2.12 -60.849
Total Comprehensive Income -1.89 5.84 - 2.45 -
All figures are in (Billions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 106.93 128.86 -17.018
Gross Profit (Loss) 30.92 45.65 -32.267
Operational Profit (Loss) 15.64 29.73 -47.393
Net Profit (Loss) after Zakat and Tax 6.36 18.3 -65.245
Total Comprehensive Income 2.53 18.1 -86.022
Total Share Holders Equity (after Deducting Minority Equity) 167.65 169.17 -0.898
Profit (Loss) per Share 2.12 6.1
All figures are in (Billions) 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 decrease in net income is attributable to lower average selling prices in addition to recording SR 1.5 billion impairment provision in the investment in (Clariant AG)
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The decrease in net income is attributable to recording SR 1.5 billion impairment provision in the investment in (Clariant AG)
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The decrease in net income is attributable to lower average selling prices in addition to recording SR 1.5 billion impairment provision in the investment in (Clariant AG)
Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items 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 3Q and year to date 2019 earnings release

Attached Documents   
SABIC ThirdQuarter 2019 Earnings

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