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Saudi Arabian Fertilizer Co. (SAFCO) announces its annual financial results ending on 31-12-2019

SABIC AGRI-NUTRIENTS 2020.B 1.52% 133.60 2.00
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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