THIS SITE USES COOKIES

The cookie settings on this website are set to 'allow all cookies' to give you the very best experience. If you continue without changing these settings, you consent to this - but if you want, you can change your settings at any time at the bottom of this page.



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

03/03/2021

ELEMENT CURRENT YEARPREVIOUS YEAR% CHANGE
Sales/Revenue3,327.5423,287.5821.215
Gross Profit (Loss)1,665.1881,694.025-1.702
Operational Profit (Loss)1,307.9681,328.27-1.528
 Net Profit (Loss) after Zakat and Tax1,294.4011,473.919-12.179
 Total Comprehensive Income1,206.0121,340.242-10.015
 Total Share Holders Equity (after Deducting Minority Equity)8,160.6097,996.2912.054
 Profit (Loss) per Share3.113.54
All figures are in (Millions) Saudi Arabia, Riyals

EIEMENT LISTEXPLANATION
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