National Petrochemical Co. (Petrochem) posted a net profit after zakat and tax of SAR 371 million for the first half of 2019, a decline of 40.35 percent year-on-year (YoY) due to lower selling prices despite decreased zakat expenses.
|Gross Income||1,502.37||978.00||(34.9 %)|
|Operating Income||1,178.77||697.13||(40.9 %)|
|Net Income||621.96||370.69||(40.4 %)|
|EPS (Riyal)||1.30||0.77||(40.4 %)|
The second-quarter net profit after zakat and tax decreased 36.45 percent YoY to SAR 183 million due to lower average selling prices, despite lower selling and distribution prices and decreased financing costs.
When compared to previous quarter, net profit dropped 2.14 percent, driven by lower selling prices.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|P/E Before Unusual Items (TTM)||14.72|
|Dividend Yield||2.06 %|
|Market Cap. (M)||10,704.00|
|Return on Average Assets||4.51 %|
|Return on Average Equity||12.15 %|