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