SABIC Agri-Nutrients Co.announces its interim consolidated financial results for the period ending on 31-03-2023 (Three Months)

01 May 2023 08:30 AM

SABIC AGRI-NUTRIENTS 2020.B 1.52% 133.60 2.00

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,760	4,657	-40.73	4,206	-34.38
Gross Profit (Loss)	1,137	2,873	-60.42	1,839	-38.17
Operational Profit (Loss)	957	2,608	-63.3	2,183	-56.16
Net Profit (Loss) after Zakat and Tax	981	2,513	-60.96	2,168	-54.75
Total Comprehensive Income	966	2,579	-62.54	2,109	-54.2
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)	17,007	18,130	-6.19
Profit (Loss) per Share	2.06	5.28
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 reasons of decrease in net profit for the current quarter compared to the same quarter last year: • Decrease in average selling prices of company's products by almost 40%.
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 reasons of decrease in net profit for the current quarter compared to the previous quarter: •Decrease in average selling prices of company's products by almost 26%. •Decrease in quantity sold of company's products by almost 8%. It is worth mentioning that the Company has completed the scheduled turnaround of the Company’s fourth plant of Ammonia and Urea as disclosed in Board of Directors’s Report for the year 2022.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Yes
Additional Information	Net comprehensive income attributes to the parent company.

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