| Element List |
Explanation |
| 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 increase in net income is mainly attributable to the higher average selling prices and higher sales volume despite the increase in selling and distribution expenses and impairment provisions in certain financial assets in the amount of SAR 0.38 billion, SABIC share amounted to SAR 0.38 billion. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is |
The increase in net income is mainly attributable to lower operating costs as well as lower impairment and restructuring provisions of SAR 0.54 billion, SABIC share is SAR 0.38 billion. Also, lower financial charges of SAR 0.72 billion were recorded versus last quarter mainly due to the re-measurement of derivatives equity instruments for forward contracts related to certain joint venture agreements effect in previous quarter which was non-cash in nature. |
| Statement of the type of external auditor's report |
Unmodified conclusion |
| Reclassification of Comparison Items |
Certain prior period figures have been re-classified to conform with the presentation in the current period. |
| Additional Information |
Attached 1Q 2022 earnings release and presentation. |
| Attached Documents |
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