ELEMENT CURRENT YEAR PREVIOUS YEAR % CHANGE
NET PROFIT (LOSS) 1,056 2,130 -50.42
EARNING OR LOSS PER SHARE, RIYALS 980
 5.11
 -
GROSS PROFIT (LOSS) 1,050
 2,085
 -49.64
OPERATIONAL PROFIT (LOSS) 980
 2,014
 -51.34

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT EXPLANATION
REASONS OF ANNUAL FINANCIAL RESULTS
 Lower selling prices for the Urea and increase in feedstock costs and utilities, and decrease in the share of income from IBN-ALBAYTAR company.
Reclassifications in annual financial results
 Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period.
OTHER NOTES
 Sales revenue for the period ended Dec. 31 amounted to (2,856) MSAR and the decrease equivalent to 19% comparing to the same period last year which was (3,547) MSAR. The total shareholder's equity for this period amounted to 6,981 MSAR compared to the same period last year 7,596 MSAR decrease of 9% (no minority interest).

SAFCO - Saudi Arabia Fertilizers Co. published this content on 15 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 March 2017 18:48:19 UTC.

Original documenthttp://www.safco.com.sa/en/news/2017/20170215.aspx

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