Saudi Kayan Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

26 April 2020 03:23 PM

SAUDI KAYAN 2350 -13.77% 9.02 -1.44

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	1,887.93	2,544.34	-25.798	2,259.67	-16.451
Gross Profit (Loss)	-220.77	265.99	-	229.26	-
Operational Profit (Loss)	-350.93	98.49	-	39.69	-
Net Profit (Loss) after Zakat and Tax	-516.78	-197.49	161.674	-167.41	208.691
Total Comprehensive Income	-516.79	-216.45	138.757	-162.37	218.279
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	14,436.07	15,481.91	-6.755
Profit (Loss) per Share	-0.34	-0.13
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	1,215.16	15,000	8.1
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 for the increase in net loss is due to a decrease in the average selling prices of products and a decrease in the quantities sold as a result for most of the company factories were stopped due to the scheduled periodic maintenance previously announced in addition to an increase in the average cost of feedstock, despite a decrease in financing costs.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The reason for the increase in net loss is due to a decrease in the average selling prices of products and a decrease in the quantities sold as a result for most of the company factories were stopped due to the scheduled periodic maintenance previously announced in addition to an increase in the average cost of feedstock, despite a decrease in financing costs.
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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