Saudi Chemical Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

14 August 2022 08:37 AM

CHEMICAL 2230 181.31% 11.14 7.18

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	956.68	899.91	6.31	903.99	5.83
Gross Profit (Loss)	113.69	127.66	-10.94	127.49	-10.82
Operational Profit (Loss)	39.92	47.14	-15.32	57.31	-30.34
Net Profit (Loss) after Zakat and Tax	13.8	27.27	-49.39	32.71	-57.81
Total Comprehensive Income	13.8	27.27	-49.39	32.71	-57.81
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,860.67	1,869.37	-0.47
Gross Profit (Loss)	241.19	256.61	-6.01
Operational Profit (Loss)	97.23	107.96	-9.94
Net Profit (Loss) after Zakat and Tax	46.5	68.1	-31.72
Total Comprehensive Income	46.5	68.1	-31.72
Total Share Holders Equity (after Deducting Minority Equity)	1,664.13	1,656.29	0.47
Profit (Loss) per Share	0.55	0.81
All figures are in (Millions) Saudi Arabia, Riyals

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 decrease in net income was due to the decrease in the gross profit along with the increase in finance cost, beside other losses resulted from hedging impact against interest rates and foreign currency revaluation, despite the decrease in general expenses, along with zakat and tax provision.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The decrease in net income was due to the decrease in the gross profit and the increase in account receivables provision, finance cost beside other losses resulted from hedging impact against interest rates, despite the decrease in general expenses, along with zakat and tax provision.
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 reduction in net income compared with the same period last year mainly due to the decrease in gross profit and the increase in finance cost, beside other losses resulted from hedging impact against interest rates and foreign currency revaluation, despite the decrease in general expenses along with zakat and tax provision.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain comparative figures for the previous period have been reclassified to conform to the current period's presentation.

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