Saudi Arabian Fertilizer Co. (SAFCO) announces the interim financial results for the period ending on 31-12-2019 (Twelve Months)
1/23/2020
ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CURRENT CHANGE | PREVIOUS QUARTER | % CHANGE PREVIOUS |
---|---|---|---|---|---|
Sales/Revenue | 845.58 | 1,090.1 | -22.43 | 909.71 | -7.049 |
Gross Profit (Loss) | 425.62 | 689.15 | -38.239 | 465.08 | -8.484 |
Operational Profit (Loss) | 341.2 | 578.11 | -40.98 | 363.66 | -6.176 |
Net Profit (Loss) after Zakat and Tax | 338.26 | 568.53 | -40.502 | 414.21 | -18.336 |
Total Comprehensive Income | 374.13 | 576.96 | -35.154 | 246.19 | 51.967 |
All figures are in (Millions) Saudi Arabia, Riyals |
Element List | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | % CHANGE |
---|---|---|---|
Sales/Revenue | 3,287.58 | 3,859.84 | -14.826 |
Gross Profit (Loss) | 1,688.7 | 2,131.25 | -20.764 |
Profit (Loss) Operational | 1,325.39 | 1,696.2 | -21.861 |
Net Profit (Loss) after Zakat and Tax | 1,468.39 | 1,738.44 | -15.534 |
Total Comprehensive Income | 1,303.68 | 1,878.76 | -30.609 |
Total Share Holders Equity (after deducting minority equity) | 7,959.73 | 7,906.05 | 0.678 |
Profit (Loss) per Share | 3.52 | 4.17 | |
All figures are in (Millions) Saudi Arabia, Riyals |
EIEMENT LIST | EXPLANATION |
---|---|
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to | The reasons of the decrease in the net profit for the current quarter compared to the same quarter last year:
• Decrease in average selling prices for the company’s products. • Decrease in the company’s share of Ibn Ibn Al-Baytar Company net income. |
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The reasons of the decrease in the net profit for the current quarter compared to previous quarter:
• Decrease in average selling prices for the company’s products. • Zakat provision has been reduced for previous quarter as the Company received revised Zakat assessments up to year 2017. |
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to | The reasons of the decrease in the net profit for the current period compared with same period last year:
• Decrease in quantities sold and average selling prices of the company's products. On the other hand, the decreases been limited by: • Zakat provision has been reduced for previous period as the Company received revised Zakat assessments up to year 2017. |
Basis of the External Auditor's Opinion | Unmodified opinion |
Reclassification of Comparison Items | Certain items have been reclassified in the financial statements for the previous period in line with the presentation of the current period |