SABIC Agri-Nutrients Co. announces its annual financial results ending on 31-12-2020
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 3,327.542 | 3,287.582 | 1.215 | ||
| Gross Profit (Loss) | 1,665.188 | 1,694.025 | -1.702 | ||
| Operational Profit (Loss) | 1,307.968 | 1,328.27 | -1.528 | ||
| Net Profit (Loss) after Zakat and Tax | 1,294.401 | 1,473.919 | -12.179 | ||
| Total Comprehensive Income | 1,206.012 | 1,340.242 | -10.015 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 8,160.609 | 7,996.291 | 2.054 | ||
| Profit (Loss) per Share | 3.11 | 3.54 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reasons of the decrease in the Net Income for the current year compared with the last year:
• Decrease in average selling prices for the company’s products • Unplanned Shutdown of SAFCO 4 plant, which was announced in TADAWUL on 30/4/1442 AH corresponding to 15/12/2020. • Decrease in the company’s share of Ibn Al-Baytar Company Net income • Increase in Zakat provision due to the increase in Zakat base
This decrease in Net Income was minimized by: • Increase in sold quantities of company’s products |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | N/A |
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