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

2020-03-26 08:17:32

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 2,949,1682,948,5320.021
Gross Profit (Loss) 457,962428,5446.864
Operational Profit (Loss) 124,487183,935-32.32
Net Profit (Loss) after Zakat and Tax 32,877114,824-71.367
Total Comprehensive Income 31,441118,107-73.379
Total Share Holders Equity (after Deducting Minority Equity) 1,553,9661,522,5252.065
Profit (Loss) per Share 0.391.36
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
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.