Financial Reporting

Quarterly and Yearly FS
Board of Director Report
Sipchem Annual Report
Financial Releases

ELEMENT	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	% CHANGE CURRENT	PREVIOUS QUARTER	% CHANGE PREVIOUS
Net profit (loss)	151.4	91.7	65.1	164.4	-7.91
Gross profit (loss)	414.8	352.3	17.74	425.7	-2.56
Operational profit (loss)	283.6	230.7	22.93	275	3.13
Earning or loss per share, Riyals	0.41	0.25	-	-	-
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Net Profit increased compared to the same quarter last year primarily due to increase in average selling prices and sales
Reasons of increase (decrease) for quarter compared with previous quarter	Revenue slightly decreased compared to the previous quarter primarily due to lower sales volumes attributed to unscheduled shutdowns in Diol plant and Acidic Acid plant
Reclassifications in quarterly financial results	All the reported figures are as per IFRS.
Other notes	Gross Sales reached SR. 1,170.9 million during current quarter compared to SR 1,190.0 million for the same quarter of the previous year reflecting a marginal decrease of 2.3%. Gross Sales reached SR. 1,170.9 million during current quarter compared to SR 1,278.6 million for the previous quarter of the previous year reflecting a decrease of 8.4%. Total comprehensive income for the quarter amounted to is SR. 151.5 million compared to the similar quarter last year of SR. 93.0 million reflecting an increase by 63% Total Shareholders' equity (excluding minority interests) reached 5.9 billion Riyals during the current quarter ended 31 March 2018 compared to 5.7 billion Riyals for the previous year ended 31 December 2017.reflecting and increase by 3%

Monday, January 29, 2018 (12:00:00)

SAUDI INTERNATIONAL PETROCHEMICAL COMPANY (SIPCHEM) ANNOUNCES THE ESTIMATED FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31-12-2017 (TWELVE MONTHS)

ELEMENT	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	% CHANGE CURRENT	PREVIOUS QUARTER	% CHANGE PREVIOUS
Net profit (loss)	164.4	31.9	415.36	121.6	35.2
Gross profit (loss)	455.1	249.1	82.7	367	24.01
Operational profit (loss)	304.4	134.2	126.83	253.5	20.08
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	% CHANGE
Net profit (loss)	437.4	43.1	914.85
Gross profit (loss)	1,455.5	861.5	68.95
Operational profit (loss)	964.1	437.3	120.47
Earning or loss per share, Riyals	1.19	0.12	-
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT				EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year				Net profit increased compared to the same quarter last year primarily due to increase in average selling prices and sales volumes for most of products.
Reasons of increase (decrease) for period compared with same period last year				Net profit increased compared to the same period last year primarily due to increase in average selling prices and sales volumes for most of products.
Reasons of increase (decrease) for quarter compared with previous quarter				Net profit increased compared to the previous quarter current year primarily due to increase in selling prices and sales volumes.
Reclassifications in quarterly financial results				All the reported figures are as per IFRS. Comparative figures have been restated based on IFRS transition effective 01 January 2016.
Other notes				Gross Sales reached SR. 4.459 billion during the current period compared to SR. 3.515 billion for the same period of the previous year reflecting an increase of 27.0%. Gross Sales reached SR. 1,278.6 million during current quarter compared to SR 949.6 million for the same quarter of the previous year reflecting increase of 34.6%. Total comprehensive income for the period amounted to SR. 437.6 million compared to the similar period last year of SR. 40.9 million with an increase of 969.9%. Total comprehensive income for the quarter amounted to is SR. 165.1 million compared to the similar quarter last year of SR. 30.5 million with an increase of 441.3% and compared to previous quarter of SR. 122.5 million with an increase of 34.7%. Total Shareholders equity (excluding minority interests) reached 5.7 billion Riyals during the current year ended 31 December 2017 compared to 5.3 billion SR for the previous year ended 31 December 2016, with an increase of 7.5%.

Feb 25, 2016Thursday

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2015 (TWELVE MONTHS)

Thursday, February 25, 2016 (12:00:00)

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2015 (TWELVE MONTHS)

Element	Current quarter	Similar quarter for previous year	% Change Current	Previous quarter	% Change Previous
Net profit (loss)	26	132.4	-80.36	71.6	-63.69
Gross profit (loss)	102	322.9	-68.41	209.4	-51.29
Operational profit (loss)	29.9	260.9	-88.54	156.9	-80.94

Element	Current period	similar period for previous year	% Change
Net profit (loss)	288.2	606.2	-52.46
Gross profit (loss)	832.9	1,396.6	-40.36
Operational profit (loss)	590.8	1,177.8	-49.84
Earning (loss) per share	0.79	1.65	-

All figures are in (Millions) Saudi Arabia, Riyals

Element	Explaination
Reasons of increase (decrease) for quarter compared with same quarter last year	Is due to the decrease in production quantities as a result of scheduled shutdown of International Methanol Company (IMC) plant during the fourth quarter of current year as announced in TADAWUL site on 29-10-2015 for 45 days for scheduled preventive maintenance in addition to the significant decrease in selling prices for all products by about 21% - 35%.
Reasons of increase (decrease) for period compared with same period last year	Is due to the significant decrease of average selling prices of all companies’ products by about 18% - 32% in spite of decrease in raw materials prices (Butane and Ethylene).
Reasons of increase (decrease) for quarter compared with previous quarter	Is due to the decrease in production quantities of International Methanol Company (IMC) plant as result of scheduled shutdown during the fourth quarter of current year as announced in TADAWUL site on 29-10-2015 in addition to the continuous decrease of products selling prices by about 6% - 22% compared to third quarter of current year.
Other notes	The commercial operations of International Polymers Company plant and Gulf Advanced Cable Insulation Company plant started during second quarter of current year. Accordingly, the results for the current period included the financial results of these plants. Certain of the prior period amounts have been reclassified to conform with the presentation of the current period.

Jan 28, 2016Thursday

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2015 (TWELVE MONTHS)

Thursday, January 28, 2016 (12:00:00)

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2015 (TWELVE MONTHS)

Element	Current quarter	Similar quarter for previous year	% Change Current	Previous quarter	% Change Previous
Net profit (loss)	26	132.4	-80.36	71.6	-63.69
Gross profit (loss)	102	322.9	-68.41	209.4	-51.29
Operational profit (loss)	29.9	260.9	-88.54	156.9	-80.94

Element	Current period	similar period for previous year	% Change
Net profit (loss)	288.2	606.2	-52.46
Gross profit (loss)	832.9	1,396.6	-40.36
Operational profit (loss)	590.8	1,177.8	-49.84
Earning (loss) per share	0.79	1.65	-

All figures are in (Millions) Saudi Arabia, Riyals

Element	Explaination
Reasons of increase (decrease) for quarter compared with same quarter last year	Is due to the decrease in production quantities as a result of scheduled shutdown of International Methanol Company (IMC) plant during the fourth quarter of current year as announced in TADAWUL site on 29-10-2015 for 45 days for scheduled preventive maintenance in addition to the significant decrease in selling prices for all products by about 21% - 35%.
Reasons of increase (decrease) for period compared with same period last year	Is due to the significant decrease of average selling prices of all companies’ products by about 18% - 32% in spite of decrease in raw materials prices (Butane and Ethylene).
Reasons of increase (decrease) for quarter compared with previous quarter	Is due to the decrease in production quantities of International Methanol Company (IMC) plant as result of scheduled shutdown during the fourth quarter of current year as announced in TADAWUL site on 29-10-2015 in addition to the continuous decrease of products selling prices by about 6% - 22% compared to third quarter of current year.
Other notes	The commercial operations of International Polymers Company plant and Gulf Advanced Cable Insulation Company plant started during second quarter of current year. Accordingly, the results for the current period included the financial results of these plants. Certain of the prior period amounts have been reclassified to conform with the presentation of the current period.

Oct 20, 2015Tuesday

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2015 (NINE MONTHS)

ELEMENT	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	% CHANGE CURRENT	PREVIOUS QUARTER	% CHANGE PREVIOUS
NET PROFIT (LOSS)	71.6	160.6	-55.42	110.1	-34.97
GROSS PROFIT (LOSS)	209.4	317.9	-34.13	287.4	-27.14
OPERATIONAL PROFIT (LOSS)	156.9	270	-41.89	227.5	-31.03

ELEMENT	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	% CHANGE
NET PROFIT (LOSS)	262.3	473.8	-44.64
GROSS PROFIT (LOSS)	730.8	1,073.7	-31.94
OPERATIONAL PROFIT (LOSS)	560.9	916.9	-38.83
EARNING OR LOSS PER SHARE, RIYALS	0.72	1.29	-

ELEMENT	EXPLAINATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR	is due to the decrease in average selling prices of all company products.
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR	is due to the decrease in selling prices of company products and accordingly decrease in profits margin.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER	is due to the decrease in average selling prices of most of company products in addition to decrease in sales quantities.
OTHER NOTES	Certain of the prior period amounts have been reclassified to conform with the presentation of the current period.

Jul 27, 2015Monday

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30TH JUNE 2015 (SIX MONTHS)

Monday, July 27, 2015 (08:10:14)

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ELEMENT	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	% CHANGE CURRENT	PREVIOUS QUARTER	% CHANGE PREVIOUS
NET PROFIT (LOSS)	110.1	244.6	-54.99	80.6	-36.6
GROSS PROFIT (LOSS)	287.4	522.5	-45	234.1	22.77
OPERATIONAL PROFIT (LOSS)	227.5	459.8	-50.52	176.6	28.82

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ELEMENT	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	% CHANGE
NET PROFIT (LOSS)	190.7	313.3	-39.13
GROSS PROFIT (LOSS)	521.5	755.8	-31
OPERATIONAL PROFIT (LOSS)	404.1	646.9	-37.53
EARNING OR LOSS PER SHARE, RIYALS	0.52	0.85	-

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT	EXPLAINATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR	is due to the decrease in production and sales quantities as a result of the shutdown of Carbon Monoxide (CO) Plant and Acetic Acid Plant during second quarter of current year for regular scheduled maintenance works as announced in TADAWUL site on 26-03-2015 in addition to the significant decrease in products sales prices specially Butanediol product, Vinyl Acetate Monomer product and Ethylacetate product. Further, as announced in TADAWUL site on 30-03-2015, the commercial operation of the ethylene vinyl acetate (EVA) and low density polyethylene (LDPE) plant of the International Polymers Company started effective 01-04-2015. Accordingly, the financial results for the second quarter of current year included the results of this plant which contributed positively to the results of this quarter.
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR	Due to the decrease in company products prices and accordingly decrease in profit margins.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER	Due to the start of commercial operation effective 01-04-2015 of the Ethylene Vinyl Acetate (EVA) and Low Density Polyethylene (LDPE) plant of the International Polymers Company as announced in TADAWUL site on 30-03-2015 which contributed in the improvement of the results of this quarter.
OTHER NOTES	Certain of the prior period amounts have been reclassified to conform with the presentation of the current period.

Jul 08, 2015Wednesday

Sipchem Announces the Date and Mechanism of Distribution of Dividends to the Shareholders for the First Half of 2015

Sipchem Announces the Date and Mechanism of Distribution of Dividends to the Shareholders for the First Half of 2015

Wednesday, July 08, 2015 (12:48:45)

This has reference to Sipchem's announcement in Tadawul website on 29 June 2015 regarding the dividend distribution for the First Half of 2015 at the rate SR 0.6 per share, for shareholders registered in the registers of the Securities Depository Center (Tadawul) on Sunday 05 July 2015.

Saudi International Petrochemical Company (Sipchem) is pleased to announce to its shareholders that National Commercial Bank (NCB) will dispense these dividends on Thursday 9 July 2015 to be deposited in the shareholders' current bank accounts linked to their investment portfolios. As for shareholders who are non-Saudis and non-residents in the Kingdom a 5% of the value of total dividends will be deducted as per the article (68) of the Zakat and Income Tax Department's regulations.

For any inquiries on the distribution of dividends, shareholders can contact National Commercial Bank at: 013-8497417 / 013-8497419 / 013-8497420 or visit nearest branch.
Jun 29, 2015Monday

SIPCHEM ANNOUNCES THE DISTRIBUTION OF DIVIDEND FOR FIRST HALF PERIOD OF 2015
SIPCHEM ANNOUNCES THE DISTRIBUTION OF DIVIDEND FOR FIRST HALF PERIOD OF 2015

Monday, June 29, 2015 (08:08:54)

Saudi International Petrochemical Company (Sipchem) announces the distribution of dividend to the shareholders for the First Half Period of 2015 as following:
1. Total amount of distribution of dividend SR 220,000,000
2. Divided per share SR 0.6
3. Divided represent 6% of the Face value.
4. The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Tadawul) on Sunday 05/07/2015
5. Details of dividend distribution on Thursday 09/07/2015
The Company pointed out that this step of mid-year cash dividends distribution reflects the company continuous interest to maximize the shareholders returns. For any inquiries on the distribution, shareholders can contact National Commercial Bank at 013-8497417 / 013-8497419 / 013-8497420 or visit nearest branch.

Financial Reporting

Sipchm announces the interim financial results for the period ending on 31-03-2018 (Three Months)

Saturday, March 31, 2018 (12:00:00)

SIPCHEM ANNOUNCES THE ESTIMATED FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31-12-2017 (TWELVE MONTHS)

Monday, January 29, 2018 (12:00:00)

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2015 (TWELVE MONTHS)

Thursday, February 25, 2016 (12:00:00)

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2015 (TWELVE MONTHS)

Thursday, January 28, 2016 (12:00:00)

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2015 (NINE MONTHS)

Tuesday, October 20, 2015 (08:00:10)

SIPCHEM ANNOUNCE THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30TH JUNE 2015 (SIX MONTHS)

Monday, July 27, 2015 (08:10:14)

Sipchem Announces the Date and Mechanism of Distribution of Dividends to the Shareholders for the First Half of 2015

Wednesday, July 08, 2015 (12:48:45)

SIPCHEM ANNOUNCES THE DISTRIBUTION OF DIVIDEND FOR FIRST HALF PERIOD OF 2015

Monday, June 29, 2015 (08:08:54)

Corporate Governance

Financial Reporting