Saudi Arabia Fertilizers Co. announces the annual financial results for the period ending on 31-12-2015

14 Feb 2016

ELEMENTCURRENT YEARPREVIOUS YEAR%  CHANGE
NET PROFIT (LOSS)2,1303,174-32.89
EARNING OR LOSS PER SHARE, RIYALS5.11
7.62
-
GROSS PROFIT (LOSS)2,085
3,072
-32.13
OPERATIONAL PROFIT (LOSS)2,014
2,975
-32.3

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTEXPLANATION
REASONS OF ANNUAL FINANCIAL RESULTS
Lower selling prices for the company's products and the declining of the company's share of profits from Ibn AlBayttar.
Reclassifications in annual financial results
Certain previous period expenses have been re-classified from other income to cost of sales to conform to the presentation of financial statements in the current period.
OTHER NOTES
Earnings 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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