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SABIC Agri-Nutrients Co. announces its annual financial results ending on 31-12-2020

3/03/2021

ELEMENT  CURRENT YEAR PREVIOUS YEAR % CHANGE
Sales/Revenue 3,327.542 3,287.582 1.215
Gross Profit (Loss) 1,665.188 1,694.025 -1.702
Operational Profit (Loss) 1,307.968 1,328.27 -1.528
 Net Profit (Loss) after Zakat and Tax 1,294.401 1,473.919 -12.179
 Total Comprehensive Income 1,206.012 1,340.242 -10.015
 Total Share Holders Equity (after Deducting Minority Equity) 8,160.609 7,996.291 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 year compared to the last year is  The reasons of the decrease in the Net Income for the current year compared with the last year:

• Decrease in average selling prices for the company’s products

• Unplanned Shutdown of SAFCO 4 plant, which was announced in 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 due to the increase in Zakat base

This decrease in Net Income was minimized by:

• Increase in sold quantities of company’s products

Statement of the type of external auditor's report  Unmodified opinion
Reclassification of Comparison Items  N/A