Saudi Basic Industries Corp. — Earnings Release 2018

Mar 12, 2019

Saudi Basic Industries Corp. announces its Annual financial results for the period ending on 2018-12-31

2010 · 12/03/2019 15:20:07 · Announcement #53765 · View on Saudi Exchange

Saudi Basic Industries Corp. announces its Annual financial results for the period ending on 2018-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	169.13	149.77	12.926
Total Profit (Loss)	57.61	49.91	15.427
Profit (Loss) Operational	36.26	29	25.034
Net Profit (Loss) after Zakat and Tax	21.52	18.43	16.766
Total Comprehensive Income	22.02	21.49	2.466
Total Share Holders Equity (after deducting minority equity)	173.08	163.92	5.588
Profit (Loss) per Share	7.17	6.14
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current year compared to last year	The increase in net income is attributable to higher average selling prices and increase in sales volumes. Noting that during this year SABIC implemented strategic restructuring initiative with an impact on total cost amounted to SR 1.1 billion
Type of the external auditor's opinion	Unmodified opinion
Reclassifications in annual financial results	Certain prior period figures have been re-classified to confirm with the presentation in the current year

The Capital Market Authority and Saudi 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.