National Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2021-12-31 ( Twelve Months )
| Element List | Explanation |
|---|---|
| Introduction | Addendum announcement from National Petrochemical Company regarding the initial financial results for the period ending 31-12-2021 (12 months) |
| Date of Posting the Previous Announcement of Development on Tadawul's Website | 2022-01-26 Corresponding to 1443-06-23 |
| URL of the Previous Announcement | Click Here |
| Change on the Development | For further clarification, we would like to note, however, that the accounting treatment of invested projects has been changed,
as Petrochem started from the third quarter of 2021) referred to earlier in the third quarter 2021 results announcement(, by deconsolidate of the financial statements of the two ventures as ("joint arrangements") and processed according to the equity method, so financial items do not appear (Sales and gross profit) for the joint projects in Petrochem's profit, loss, and other comprehensive income. |
| Financial Impact on the change | There is no financial impact on the equity attributable to Petrochem shareholders, nor the net income attributable to Petrochem shareholders, and the earning per share. |
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