Saudi Arabia Fertilizers Co. announces the interim financial results for the period ending on 30-09-2015 (Nine Months)

18 Oct 2015
ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CURRENT CHANGEPREVIOUS QUARTER% CHANGE PREVIOUS
NET PROFIT (LOSS)566913-38.01596-5.03
GROSS PROFIT (LOSS)548890-38.435391.67
OPERATIONAL PROFIT (LOSS)532866-38.575231.72
ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
NET PROFIT (LOSS)1,7522,395-26.85
GROSS PROFIT (LOSS)1,6912,312-26.86
OPERATIONAL PROFIT (LOSS)1,638-2,242-26.94
EARNING OR LOSS PER SHARE, RIYALS4.25.75-

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTEXPLANATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEARLower selling prices for the company's products and lower quantities sold due to turnaround maintenance for SAFCO 4. However, SAFCO 5 production minimized the effect such turnaround.
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEARLower selling prices for the company's products and lower quantities sold due to turnaround maintenance for SAFCO 4. However, SAFCO 5 production minimized the effect such turnaround.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTERLower selling prices for the company products and lower quantities sold due to turnaround maintenance for SAFCO 4. However, SAFCO 5 production minimized the effect of such turnaround. In addition declining in the company share of results of an associate.
OTHER NOTESEarnings per share was based on the number of the company's shares (416.666.666) after the approved increase in capital by the Extraordinary General Meeting of the company on 06.04.2015

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