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

07 June 2020 08:03 AM

CHEMICAL 2230 -1.00% 3.96 -0.04

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	799.58	840.16	-4.83	588.63	35.837
Gross Profit (Loss)	129.31	125.36	3.15	98.56	31.199
Operational Profit (Loss)	54.3	57.43	-5.45	-17.68	-
Net Profit (Loss) after Zakat and Tax	37.97	39.3	-3.384	-50.72	-
Total Comprehensive Income	37.97	39.3	-3.384	-52.16	-
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)	1,591.93	1,553.97	2.442
Profit (Loss) per Share	0.45	0.47
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 decrease in net profit is due to the decrease in sales and increase in provision of trade receivables, despite the decrease in cost of sales and zakat & income tax expense.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The increase in net profit is due to the increase in sales and to the decrease in the general and administrative expenses, provision of trade receivables, finance costs and zakat & income tax expense.
Basis of the External Auditor's Opinion	Unmodified opinion
Reclassification of Comparison Items	Certain figures of comparatives have been reclassified to conform to the current presentation.

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