Mubasher TV
Contact Us Advertising   العربية

Saudi Kayan Petrochemical Co. announces the interim financial results for the period ending on 30-06-2023 (Six Months)

SAUDI KAYAN 2350 -1.13% 10.46 -0.12
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 2,209.3 3,406.82 -35.15 1,682.49 31.31
Gross Profit (Loss) -111.04 435.45 - -339.4 -67.28
Operational Profit (Loss) -240.16 247.36 - -494.63 -51.45
Net Profit (Loss) after Zakat and Tax -392.13 150.13 - -673.27 -41.76
Total Comprehensive Income -373.85 265.55 - -690.99 -45.9
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 3,891.79 6,544.71 -40.53
Gross Profit (Loss) -450.4 904.24 -
Operational Profit (Loss) -734.78 553.03 -
Net Profit (Loss) after Zakat and Tax -1,065.4 359.5 -
Total Comprehensive Income -1,064.84 567.65 -
Total Share Holders Equity (after Deducting Minority Equity) 14,412.45 17,036.92 -15.4
Profit (Loss) per Share -0.71 0.24
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated Losses Capital Percentage %
-1,640.83 15,000 10.94
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 the net loss for this quarter compared with same quarter last year is due to a decrease in the average selling prices of products and a decrease in sold products in addition to increase in financing costs despite of decrease in the average cost of feedstock.
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 reason for decrease the net loss for this quarter compared with previous quarter is due to an increase in sold products and decrease in the average cost of feedstock.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for the net loss for current period compared to the similar period of the previous year is due to a decrease in the average selling prices of products and a decrease in sold products due to the scheduled periodic maintenance for some plants that was previously announced in 18 January 2023 in addition to increase in financing costs, despite of decrease in the average cost of feedstock.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion NA
Reclassification of Comparison Items Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period.
Attached Documents   
SAUDI KAYAN Second Quarter 2023 Earnings

Comments