Saudi Kayan Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

22 April 2021 03:27 PM

SAUDI KAYAN 2350 -1.13% 10.46 -0.12

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,683.33	1,887.93	42.13	2,476.95	8.332
Gross Profit (Loss)	750.37	-220.77	-	472.8	58.707
Operational Profit (Loss)	586.79	-350.93	-	294.04	99.561
Net Profit (Loss) after Zakat and Tax	492.89	-516.79	-	158.42	211.128
Total Comprehensive Income	549.73	-516.79	-	65.42	740.308
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	14,558.59	14,436.07	0.848
Profit (Loss) per Share	0.33	-0.34
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	990.2	15,000	6.6
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 reason for achieving the net profit is due to an increase in the average selling prices of products and a decrease in financing costs despite an increase in the average cost of feedstock and a decrease in the quantities produced and sold due to the scheduled periodic maintenance for olefins plant that was previously announced on December 24, 2020.
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 reason for the increase in net profit is due to an increase in the average selling prices of products and a decrease in financing costs and general and administrative expenses despite an increase in the average cost of feedstock in addition to a decrease in the quantities produced and sold due to the scheduled periodic maintenance for olefins plant that was previously announced on December 24, 2020.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	There is no

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