Saudi Kayan Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )

20 October 2020 03:47 PM

SAUDI KAYAN 2350 -1.13% 10.46 -0.12

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,105.54	2,303.21	-8.582	1,536.9	36.999
Gross Profit (Loss)	236.53	379.59	-37.688	-70.76	-
Operational Profit (Loss)	79.72	201.23	-60.383	-215.41	-
Net Profit (Loss) after Zakat and Tax	-28.16	1.26	-	-398.19	-92.927
Total Comprehensive Income	-46.89	-77.61	-39.582	-445.74	-89.48
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	5,530.37	7,276.72	-23.999
Gross Profit (Loss)	-54.99	842.29	-
Operational Profit (Loss)	-486.62	339.3	-
Net Profit (Loss) after Zakat and Tax	-943.14	-469.36	100.941
Total Comprehensive Income	-1,009.42	-583.12	73.106
Total Share Holders Equity (after Deducting Minority Equity)	13,943.44	15,115.24	-7.752
Profit (Loss) per Share	-0.63	-0.31
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	1,641.51	15,000	10.94
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 net loss is due to a decrease in the average selling prices of products, despite an increase in the quantities sold, a decrease in the average cost of feedstock, and a decrease in the financing costs and general and administrative expenses.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The reason for the decrease in the net loss is due to an increase in the average selling prices of products, an increase in the quantities produced and sold, and a decrease in financing costs, despite the increase in the average cost of feedstock.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period 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 in addition to the decrease in the quantities produced and sold due to the scheduled periodic maintenance that was previously announced, despite a decrease in the average cost of feedstock and a decrease in financing costs 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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