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Saudi Basic Industries Corp. Interim / Quarterly Report 2019
53286_rns_2019-07-28_30845fe1-5299-4766-a187-8c43be237f52.html
Interim / Quarterly Report
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Saudi Basic Industries Corp. announces its interim Financial results for the period ending on 2019-06-30 ( Six Months )
2010 · 28/07/2019 08:46:55 · Announcement #55686 · View on Saudi Exchange
Saudi Basic Industries Corp. announces its interim Financial results for the period ending on 2019-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 35.87 | 43.28 | -17.121 | 37.37 | -4.013 |
| Total Profit (Loss) | 10.03 | 16.1 | -37.701 | 11.27 | -11.002 |
| Profit (Loss) Operational | 4.83 | 10.83 | -55.401 | 6.15 | -21.463 |
| Net Profit (Loss) after Zakat and Tax | 2.12 | 6.7 | -68.358 | 3.41 | -37.829 |
| Total Comprehensive Income | 2.45 | 5.2 | -52.884 | 1.97 | 24.365 |
| All figures are in (Billions) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 73.24 | 85.15 | -13.987 |
| Total Profit (Loss) | 21.29 | 30.52 | -30.242 |
| Profit (Loss) Operational | 10.98 | 19.78 | -44.489 |
| Net Profit (Loss) after Zakat and Tax | 5.52 | 12.2 | -54.754 |
| Total Comprehensive Income | 4.42 | 12.27 | -63.977 |
| Total Share Holders Equity (after deducting minority equity) | 169.54 | 163.33 | 3.802 |
| Profit (Loss) per Share | 1.84 | 4.07 | |
| 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 decrease in net income is attributable to lower average selling prices and decrease in share of results of associates and joint ventures |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The decrease in net income is attributable to lower average selling prices and sales volume in addition to decrease in share of results of associates and joint ventures |
| Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | The decrease in net income is attributable to lower average selling prices and decrease in share of results of associates and joint ventures |
| 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 |
| Additional Information | On January 1st 2019 SABIC has adopted IFRS 16 |
Attached 2Q and year to date 2019 earnings release Attached Documents 
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.