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Saudi Kayan Petrochemical Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

SAUDI KAYAN 2350 -1.13% 10.46 -0.12
Element List Current Year Previous Year %Change
Sales/Revenue 9,536.4 12,263.15 -22.235
Gross Profit (Loss) 1,059.05 3,365.32 -68.53
Operational Profit (Loss) 379 2,660.58 -85.754
Net Profit (Loss) after Zakat and Tax -636.77 1,702.24 -
Total Comprehensive Income -745.49 1,790.89 -
Total Share Holders Equity (after Deducting Minority Equity) 14,952.86 15,698.36 -4.748
Profit (Loss) per Share -0.42 1.13
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to The reason of achieving net loss is due to the decrease in the average selling prices of products, despite an increase in the quantities produced, sold, and decrease in the average cost of feedstock and general and administrative expenses.
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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