Saudi Arabia Fertilizers Co. announces the annual financial results for the period ending on 31-12-2016

15 Feb 2017

ELEMENTCURRENT YEARPREVIOUS YEAR%  CHANGE
NET PROFIT (LOSS)1,0562,130-50.42
EARNING OR LOSS PER SHARE, RIYALS980
5.11
-
GROSS PROFIT (LOSS)1,050
2,085
-49.64
OPERATIONAL PROFIT (LOSS)980
2,014
-51.34

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTEXPLANATION
REASONS OF ANNUAL FINANCIAL RESULTS
Lower selling prices for the Urea and increase in feedstock costs and utilities, and decrease in the share of income from IBN-ALBAYTAR company.
Reclassifications in annual financial results
Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period.
OTHER NOTES
Sales revenue for the period ended Dec. 31 amounted to (2,856) MSAR and the decrease equivalent to 19% comparing to the same period last year which was (3,547) MSAR. The total shareholder's equity for this period amounted to 6,981 MSAR compared to the same period last year 7,596 MSAR decrease of 9% (no minority interest).

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