| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 729.97 | 755.58 | -3.39 | ||
| Gross Profit (Loss) | 148.45 | 146.48 | 1.34 | ||
| Operational Profit (Loss) | 65.86 | 64.26 | 2.49 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 40.95 | 40.39 | 1.39 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 40.25 | 40.37 | -0.3 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 590.19 | 600.98 | -1.79 | ||
| Profit (Loss) per Share | 0.63 | 0.31 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason for the decrease in Sales this year comparing to prior year is due to 1- An increase in sales of Basic Chemicals of 40.7M, this increase resulted from a 9% increase in quantities sold which caused revenues to increase by 18.9M, plus an increase in selling prices by 9% which caused revenues to increase by 21.8M. 2- A decrease in Industrial Chemicals sales by 4.5 million. This decrease is due to a 7% decrease in quantities sold compared to the previous year and 7% decrease in selling prices compared to previous year. 3- A decrease in Toll Manufacturing sales by 6.9 million resulting from a 10% decrease in selling prices and a 14% decrease in quantities sold compared to the previous year. 4-A decrease in Water Treatment sales by 6.4 million, despite of 45% selling prices. This decrease is due to a 47% decrease in quantities sold compared to the previous year. 5-A decrease in polymer sales by 12.2 million, resulting from 2% decrease in quantities sold and 6% decrease in selling prices compared to previous year. 6-A decrease in adhesives sales by 36.2 million, resulting from 11% decrease in quantities sold and 2% decrease in in selling prices compared to previous year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Despite decrease in sales, the decrease in financing costs, decrease in general and administrative expenses and decrease in zakat tax expenses resulted in increase in net profit. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | Corresponding figures have been rearranged and reclassified, wherever considered necessary, to conform with the current year’s presentation. |
| Additional Information | 1-Sales for the current year amounted to 729.9 million compared to 755.5 million for the same period of the previous year, a decrease of 3.4%. 2- Total comprehensive income (after excluding minority interests) for this year reached 16.7 million compared to an income of 8.6 million during last year, with an increase of 93.7%. 3- Shareholders’ equity (after excluding minority interests) at the end of the current fiscal year amounted to 590.19 million, compared to 600.98 million at the end of the previous fiscal year, a decrease of 1.8%. |
