Saudi Arabian Fertilizer Co. (SAFCO) announces its annual financial results ending on 31-12-2019
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 3,287.58 | 3,859.84 | -14.826 | ||
Gross Profit (Loss) | 1,694.03 | 2,131.25 | -20.514 | ||
Operational Profit (Loss) | 1,328.27 | 1,696.2 | -21.691 | ||
Net Profit (Loss) after Zakat and Tax | 1,473.92 | 1,738.44 | -15.215 | ||
Total Comprehensive Income | 1,340.24 | 1,878.76 | -28.663 | ||
Total Share Holders Equity (after Deducting Minority Equity) | 7,996.29 | 7,906.05 | 1.141 | ||
Profit (Loss) per Share | 3.54 | 4.17 | |||
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 reasons of the decrease in net profit for current year compared to last year:
• Decrease in quantities sold and average selling prices of the company's products.
On the other hand, the decreases been limited by: • Zakat provision has been reduced for current year as the Company received revised Zakat assessments up to year 2017. |
Basis of the External Auditor's Opinion | Unmodified opinion |
Reclassification of Comparison Items | N/A |
Additional Information | Starting from January, 1 st 2019, the company adopted and implemented IFRS (16) “Leases”
with no major impact on the company financial statements. |
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