Tadawul-


Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 187.62 187.11 0.272 179.68 4.418
Gross Profit (Loss) 46.49 44.62 4.19 43.21 7.59
Operational Profit (Loss) 18.19 18.35 -0.871 13.94 30.487
Net profit (Loss) 9.79 6.78 44.395 10.31 -5.043
Total Comprehensive Income 9.79 6.78 44.395 10.31 -5.043
All figures are in (Millions) Saudi Arabia, Riyals


Element List Current Period Similar Period For Previous Year %Change
Sales/Revenue 367.3 364.9 0.657
Gross Profit (Loss) 89.7 80.18 11.873
Operational Profit (Loss) 36.55 29.55 23.688
Net profit (Loss) 20.1 12.22 64.484
Total Comprehensive Income 20.1 12.22 64.484
Total Shareholders Equity (after Deducting Minority Equity) 594.77 592.51 0.381
Profit (Loss) per Share 0.09 -0.25
All figures are in (Millions) Saudi Arabia, Riyals


Element List Amount Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
Accumulated Losses - -
All figures are in (Millions) Saudi Arabia, Riyals


Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason for the increase in Revenues / Sales in Quarter 2 of this year compared to the same Quarter in the prior year is due to
1- Decrease in sales of Basic Chemicals amount 1M.

this decrease resulted from a 22% decrease in tonnage sold which caused revenues to decrease by 8.2M, plus an increase in selling prices by 24% which caused revenues to increase by 7.2M.

2- Increase in sales of Industrial Chemicals 5M.

this increase resulted from a 21% decrease in tonnage sold which caused revenues to decrease by 4.2M, plus an increase in selling prices by 60% which caused revenues to increase by 9.2M.

3- Increase in sales of Toll Manufacturing and Water Treatment Chemicals amount 0.4M.

this increase resulted from a 12% decrease in sold tonnage which caused revenues to decrease by 3M, plus a 16% increase in selling prices which caused revenues to increase by 3.4M.

4- Decrease in sales of Polymers 6M.

this decrease resulted from a decrease in selling prices.

5- Increase in sales of Adhesives 2.1M due to increase in sold tonnage.

The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the increase in net profit this year compared to the same Quarter in the prior year is due to:
Decreased Finance Costs by 5.7M and increased Zakat & Tax Expenses by 3.2M.

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the increase in Revenues / Sales during the second quarter this year compared to prior quarter is due to:
1- Increase in sales of Basic Chemicals amount to 5.2M.

this increase resulted from a 5% decrease in tonnage sold which caused revenues to decrease by 1.6M and an increase in selling prices by 23% which caused revenues to increase by 6.8M.

2- Increase in sales of Industrial Chemicals 4.8M.

this increase resulted from a 33% increase in sold tonnage which caused revenues to increase by 6.5M, plus a decrease in selling prices by 7% which caused revenues to decrease by 1.7M.

3- Revenues, prices, and sold tonnage levels remained the same regarding Toll Manufacturing and Water Treatment Chemicals.

4- Decrease in sales of Polymers 4.3M due to decrease in selling prices.

5- Increase in sales of Adhesives 2.2M due to increase in sold tonnage

The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in net profit for the second quarter this year compared to the prior quarter is due to:
increase in revenue of 7.9M, a similar increase in operating expenses, and an increase in zakat and tax expenses of 1M.

The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason for the increase in Revenues / Sales during the current period of this year compared to prior year is due to:
1- Increase in sales of Basic Chemicals amount to 3.1M.

This increase resulted from a 6% decrease in tonnage sold which caused revenues to decrease by 3.8M and an increase in selling prices by 11% which caused revenues to increase by 6.9M.

2- Increase in sales of Industrial Chemicals by 1.6M.

This increase resulted from a 43% decrease in sold tonnage which caused revenues to decrease by 18.6M, plus an increase in selling prices by 83% which caused revenues to increase by 20.2M.

3- Increase in sales of Toll Manufacturing and Water Treatment Chemicals 1.8M.

this increase resulted from a 13% decrease in sold tonnage which caused revenues to decrease by 5.2M, plus an increase in selling prices by 21% which caused revenues to increase by 7M.

4- Decrease in sales of Polymers 7.7M due to decrease in selling prices.

5- Increase in sales of Adhesives 3.6M due to increase in sold tonnage.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for the increase in net profit for the current period comparing to the same period of the prior year is due to:
Increase in Sales of 2.4M and a decrease in Cost of Sales of 7.1M, accompanied by an increase in operating expenses of 2.5M and a decrease in financing cost of 6.2M. Plus decrease in gains on fair value measurement of derivatives financial instrument 1M, and an increase in Zakat and tax expense of 4.3M.

Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) -
Reclassification of Comparison Items -
Additional Information 1- Sales for the second quarter of this year reached 187.6 compared to 187.1M for last year with an increase of 0.2% and compared to 179.7 for the prior quarter with an increase of 4.4%.
2- Sales for the current period reached 367.3M compared to 364.9M for the same period of last year with an increase of 0.7%.

3- Total comprehensive income (excluding minority interests) for the second quarter of this year reached 2.3 million compared to a loss of 2.8 million during the same period last year with an increase of 180% and compared to income of 0.2 million during the prior quarter with an increase of 1276%.

4- Shareholders' equity (excluding minority interests) for the second quarter of this year-end reached 594.77 million compared to 592.35 million for the prior year-end, with an increase of 0.4%.