Saudi Kayan Petrochemical Co. reported a net loss after zakat and tax of SAR 469.4 million for the first nine months of 2019, compared to a net profit of SAR 1.81 billion a year earlier due to lower average selling prices.
|Gross Income||3,091.78||829.79||(73.2 %)|
|Operating Income||2,599.05||339.31||(86.9 %)|
|Net Income||1,813.15||(469.36)||(125.9 %)|
|EPS (Riyal)||1.21||(0.31)||(125.9 %)|
In Q3 2019, net profit plunged 99.7 percent year-on-year (YoY) to SAR 1.25 million due to a decrease in products selling price.
When compared to the previous quarter, Saudi Kayan turned profitable compared to a net loss of SAR 273 million, driven by a decline in average feedstock costs and financing charges.
|2019 - Q3 (e)||2019 - Q3 (a)||Change|
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||16,230.00|
|Return on Average Assets||(1.49 %)|
|Return on Average Equity||(3.76 %)|