Saudi Basic Industries Corp. — Interim / Quarterly Report 2018

Oct 28, 2018

Saudi Basic Industries Corp. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

2010 · 28/10/2018 08:01:45 · Announcement #52397 · View on Saudi Exchange

Saudi Basic Industries Corp. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	43.71	38.68	13.004	43.28	0.993
Total Profit (Loss)	14.9	13.59	9.639	15.86	-6.052
Profit (Loss) Operational	9.96	8.5	17.176	10.83	-8.033
Net Profit (Loss) after Zakat and Tax	6.1	5.79	5.354	6.7	-8.955
Total Comprehensive Income	5.84	5.94	-1.683	5.2	12.307
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	128.86	109.44	17.744
Total Profit (Loss)	44.95	37.44	20.058
Profit (Loss) Operational	29.73	22.42	32.604
Net Profit (Loss) after Zakat and Tax	18.3	14.73	24.236
Total Comprehensive Income	18.1	17	6.47
Total Share Holders Equity (after deducting minority equity)	169.17	161.8	4.555
Profit (Loss) per Share	6.1	4.91
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	The increase in net income is attributable to higher average selling prices and increase in sales volumes
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	The decrease in net income is mainly attributable to higher cost of sales as a result of increase in feedstock prices
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year	The increase in net income is attributable to higher average selling prices and increase in sales volumes. Noting that during this period 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 quarter financial result	Certain prior period figures have been re-classified to confirm with the presentation in the current period

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