Saudi Kayan Petrochemical Co. reported a net loss after zakat and tax of SAR 636.8 million for the fiscal year 2019, against a net profit of SAR 1.70 billion a year earlier due to lower average selling prices.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 12,263.16 | 9,536.40 | (22.2 %) |
| Gross Income | 3,365.33 | 1,072.21 | (68.1 %) |
| Operating Income | 2,660.58 | 379.00 | (85.8 %) |
| Net Income | 1,702.25 | (636.78) | (137.4 %) |
| Average Shares | 1,500.00 | 1,500.00 | - |
| EPS (Riyals) | 1.13 | (0.42) | (137.4 %) |
In Q4 2019, Saudi Kayan widened net losses by 51% year-on-year (YoY) to SAR 167.4 million, also due to a decrease in the average selling prices of products.
In the previous quarter, the petrochemical producer reported net profit of SAR 1.25 million.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 2,635.52 | 2,259.67 | (14.3 %) |
| Gross Income | 273.55 | 229.92 | (15.9 %) |
| Operating Income | 61.53 | 39.70 | (35.5 %) |
| Net Income | (110.90) | (167.41) | (51.0 %) |
| Average Shares | 1,500.00 | 1,500.00 | - |
| EPS (Riyals) | (0.07) | (0.11) | (51.0 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 2,303.21 | 2,259.67 | (1.9 %) |
| Gross Income | 379.59 | 229.92 | (39.4 %) |
| Operating Income | 201.23 | 39.70 | (80.3 %) |
| Net Income | 1.26 | (167.41) | (13429.1 %) |
| Average Shares | 1,500.00 | 1,500.00 | - |
| EPS (Riyals) | 0.00 | (0.11) | (13429.1 %) |
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