Sadara Chemical Co., the parent company of Sadara Basic Services, widened its net losses after zakat and tax by 64.8 percent year-on-year (YoY) to SAR 3.87 billion for the first nine months of 2019.
The nine-month figures were hit by lower product prices in all segments.
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Income statement |
|||
|
Period |
H1 2018 |
H1 2019 |
Change (%) |
|
Revenue (SAR mln) |
10245.0 |
7650.8 |
(25%) |
|
Net loss (SAR mln) |
(2354.0) |
(3879.3) |
(65%) |
|
Number of shares (mln) |
3563 |
3563 |
-- |
|
Earnings per share (SAR/share) |
(0.66) |
(1.09) |
(65%) |
In Q3 2019, net losses after zakat and tax also widened by 24 percent YoY to SAR 1.48 billion, due to lower product prices in all segments.
When compared to the previous quarter, net losses widened by 30.7 percent, on lower product margin, and impact of a third-party industrial supplier issue.
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Sadara Chemical net income since 2017 |
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|
Period |
Net income (SAR mln) |
Earnings per share (SAR) |
|
2018 |
||
|
Q1 |
(510.1) |
(0.14) |
|
Q2 |
(646.3) |
(0.18) |
|
Q3 |
(1197.7) |
( 0.34) |
|
Q4 |
( 1506.0 ) |
( 0.43 ) |
|
2019 |
||
|
Q1 |
(1254.3) |
(0.35) |
|
Q2 |
(1137.7) |
(0.32) |
|
Q3 |
(1487.4) |
(0.42) |
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