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SABIC Agri-Nutrients Co. announces the interim financial results for the period ending on 31-12-2020 (Twelve Months)
1/21/2021
| ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CURRENT CHANGE | PREVIOUS QUARTER | % CHANGE PREVIOUS |
|---|---|---|---|---|---|
| Sales/Revenue | 768.33 | 845.58 | -9.135 | 902.13 | -14.831 |
| Gross Profit (Loss) | 357.83 | 430.94 | -16.965 | 485.11 | -26.237 |
| Operational Profit (Loss) | 281.73 | 344.07 | -18.118 | 387.99 | -27.387 |
| Net Profit (Loss) after Zakat and Tax | 233.56 | 343.79 | -32.063 | 397.54 | -41.248 |
| Total Comprehensive Income | 177.18 | 410.69 | -56.857 | 451.44 | -60.752 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | % CHANGE |
|---|---|---|---|
| Sales/Revenue | 3,327.54 | 3,287.58 | 1.215 |
| Gross Profit (Loss) | 1,665.19 | 1,694.03 | -1.702 |
| Profit (Loss) Operational | 1,307.97 | 1,328.27 | -1.528 |
| Net Profit (Loss) after Zakat and Tax | 1,294.4 | 1,473.92 | -12.179 |
| Total Comprehensive Income | 1,206 | 1,340.24 | -10.016 |
| Total Share Holders Equity (after deducting minority equity) | 8,160.61 | 7,996.29 | 2.054 |
| Profit (Loss) per Share | 3.11 | 3.54 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| EIEMENT 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 the decrease in the Net Income for the current quarter compared to the same quarter last year: • Decrease in quantities sold of company's products as a result of the temporary shutdown for SAFCO 4 plant, which was announced on Tadawul on 30/4/1442 AH corresponding to 15/12/2020. • Decrease in the share of Ibn Al-Baytar’s Company Net Income. • Increase in Zakat provision. Despite the decrease in Net Income, it has been limited by: • Increase in the average selling prices for the company’s products |
| 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 reasons of the decrease in the Net Income for the current quarter compared to previous quarter :
• Decrease in quantities sold of company's products as a result of the temporary shutdown for SAFCO 4 plant, which was announced on 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 Despite the decrease in Net Income, it has been limited by: • Increase in average selling prices for the company’s products |
| 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 reasons of the decrease in the Net Income for the current period compared with same period last year:
• Decrease in average selling prices for the company’s products • Decrease in the company’s share of Ibn Al-Baytar Company Net income • Increase in Zakat provision for the current year and the reversal Zakat provision in 2019 Despite the decrease in Net Income, it has been limited by: • Increase in quantities sold of company's products |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | NA |