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Saudi Arabian Fertilizer Co. (SAFCO) announces the interim financial results for the period ending on 30-06-2020 (Six Months)

22/07/2020

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CURRENT CHANGEPREVIOUS QUARTER% CHANGE PREVIOUS
Sales/Revenue813.61950.31-14.384718.6813.208
Total Profit (Loss)419.71499.24-15.93378.2910.949
Profit (Loss) Operational324.91395.28-17.802295.629.907
Net Profit (Loss) after Zakat and Tax380.44410.46-7.313335.4713.405
Total Comprehensive Income266.92425.54-37.274416.45-35.905
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
Sales/Revenue1,657.081,532.298.144
Total Profit (Loss)822.257983.038
Profit (Loss) Operational638.25620.532.855
Net Profit (Loss) after Zakat and Tax663.3715.91-7.348
Total Comprehensive Income577.39683.36-15.507
Total Share Holders Equity (after deducting minority equity)7,531.997,339.412.623
Profit (Loss) per Share1.591.72
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTEXPLANATION
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.

On the other hand, the decreases been reduced by:

• Increase in quantities sold of company's products.

Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The reasons of the increase in the net profit for the current quarter compared to previous quarter:

• Increase in quantities sold of company's products.

On the other hand, the increase been reduced by:

• 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 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 average selling prices for the company’s products.

• Decrease in the company’s share of Ibn Ibn Al-Baytar Company net income.

On the other hand, the decreases been reduced by:

• Increase in quantities sold of company's products.

Type of the external auditor's opinion Unmodified opinion