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Saudi Kayan Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 2,303.213,376.06-31.7782,429.17-5.185
Gross Profit (Loss) 375.42929.48-59.609192.5394.992
Operational Profit (Loss) 201.23761.53-73.57539.58408.413
Net Profit (Loss) after Zakat and Tax 1.25471.9-99.735-273.13-
Total Comprehensive Income -77.6471.43--289.06-73.154
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 7,276.729,627.64-24.418
Gross Profit (Loss) 829.793,091.77-73.161
Operational Profit (Loss) 339.32,599.05-86.945
Net Profit (Loss) after Zakat and Tax -469.361,813.14-
Total Comprehensive Income -583.111,835.78-
Total Share Holders Equity (after Deducting Minority Equity) 15,115.2415,743.24-3.989
Profit (Loss) per Share -0.311.21
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
555.0315,0003.7
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to The reason of decrease in net profit is due to a decrease in the selling prices of products, despite a decrease in average cost of feedstock and general and administrative expenses as well as a decrease in financing costs due to the implementation of the company strategy to reduce financing costs, which was previously announced on Tadawul on June 12. 2019.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The reason for achieving net profit is due to a decrease in the average cost of feedstock as well as a decrease in financing costs as a result of the implementation of the company strategy to reduce financing costs, which was previously announced on the Tadawul website on June 12, 2019, despite the decrease in selling prices of products.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The main reason for achieving the net loss is due to the decrease in the average selling prices of the products, despite a decrease in the average cost of feedstock , decrease in general and administrative expenses and increase in the quantities sold.
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.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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