Saudi Arabian Fertilizer Co. (SAFCO) announces the interim financial results for the period ending on 30-09-2020 (Nine Months)
10/20/2020
ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CURRENT CHANGE | PREVIOUS QUARTER | % CHANGE PREVIOUS |
---|---|---|---|---|---|
Sales/Revenue | 902.13 | 909.71 | -0.833 | 928.71 | -2.862 |
Total Profit (Loss) | 485.11 | 465.08 | 4.306 | 454.31 | 6.779 |
Profit (Loss) Operational | 387.99 | 363.66 | 6.69 | 359.95 | 7.789 |
Net Profit (Loss) after Zakat and Tax | 397.53 | 414.21 | -4.026 | 359.8 | 10.486 |
Total Comprehensive Income | 451.44 | 246.19 | 83.37 | 409.61 | 10.212 |
All figures are in (Millions) Saudi Arabia, Riyals |
ELEMENT | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | % CHANGE |
---|---|---|---|
Sales/Revenue | 2,559.21 | 2,442.01 | 4.799 |
Total Profit (Loss) | 1,307.36 | 1,263.08 | 3.505 |
Profit (Loss) Operational | 1,026.24 | 984.19 | 4.272 |
Net Profit (Loss) after Zakat and Tax | 1,060.84 | 1,130.13 | -6.131 |
Total Comprehensive Income | 1,028.83 | 929.56 | 10.679 |
Total Share Holders Equity (after deducting minority equity) | 7,983.42 | 7,585.6 | 5.244 |
Profit (Loss) per Share | 2.55 | 2.71 | |
All figures are in (Millions) Saudi Arabia, Riyals |
ELEMENT | 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 Income 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. Despite the decrease in Net Income, it has been limited by: • Increase in quantities sold of company's products • Increase in the other income as the Company has collected dividends from Financial assets at fair value through other comprehensive income |
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The reasons of the increase in the Net Income for the current quarter compared to previous quarter:
• Increase in average selling prices for the company’s products • Increase in the company’s share of Ibn Ibn Al-Baytar Company Net Income • Increase in the other income as the Company has collected dividends from Financial assets at fair value through other comprehensive income Despite the increase in Net Income, it has been limited by: • Decrease in quantities sold of company's products |
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 Income 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. • Decrease in the other income relevant to company's collection of its profits from financial assets at fair value through other comprehensive income Despite the decrease in Net Income, it has been limited by: • Increase in quantities sold of company's products |
Basis of the External Auditor's Opinion | Unmodified opinion |
Reclassification of Comparison Items | NA |