SABIC Agri-Nutrients Co.announces its consolidated financial results for the year ended on 31-12-2023 (Twelve Months)
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 11,033 | 18,981 | -41.87 | ||
| Gross Profit (Loss) | 4,598 | 11,187 | -58.9 | ||
| Operational Profit (Loss) | 3,664 | 10,338 | -64.56 | ||
| Net profit (Loss) | 3,659 | 10,037 | -63.54 | ||
| Total Comprehensive Income | 3,579 | 10,049 | -64.38 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 17,742 | 19,894 | -10.82 | ||
| Profit (Loss) per Share | 7.69 | 21.08 | |||
| 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 | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reasons of decrease in revenue for the current year compared with last year:
• Decrease in average selling prices of company's products by 43% |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reasons of decerease in net income for the current year compared with last year:
• Decrease in revenue by 42%. • Decrease in share of of results from an associate and joint venture by 59%. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | * Income after zakat and income tax and net comprehensive income attributes to the parent company.
*Attached is annual earnings release for 2023 . |
| Attached Documents |  |
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