Saudi Chemical Co. — Earnings Release 2019

Mar 26, 2020

Saudi Chemical Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

2230 · 26/03/2020 08:17:32 · Announcement #58106 · View on Saudi Exchange

Saudi Chemical Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	2,949,168	2,948,532	0.021
Gross Profit (Loss)	457,962	428,544	6.864
Operational Profit (Loss)	124,487	183,935	-32.32
Net Profit (Loss) after Zakat and Tax	32,877	114,824	-71.367
Total Comprehensive Income	31,441	118,107	-73.379
Total Share Holders Equity (after Deducting Minority Equity)	1,553,966	1,522,525	2.065
Profit (Loss) per Share	0.39	1.36
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to	The decrease in net profit is due to stopping the capitalization of the costs of two production lines at one of the Company's subsidiaries (the Plant of AJA Pharmaceutical Industries Company Ltd.) as a result of commencing the commercial production and increase in the selling & marketing and general & administrative expenses. In addition to the increase in financing costs resulting from obtaining additional bank facilities and increase in the provisions for doubtful debts and zakat.
Basis of the External Auditor's Opinion	Unmodified opinion
Reclassification of Comparison Items	Certain figures of comparatives have been reclassified to conform to the presentation of the current year's financial statements.

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