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SABIC Agri-Nutrients Co.announces its consolidated financial results for the year ended on 31-12-2023 (Twelve Months)
2/26/2024
| ELEMENT | CURRENT YEAR | PREVIOUS YEAR | % CHANGE |
|---|---|---|---|
| Sales/Revenue | 11,033 | 18,981 | -41.87 |
| Gross Profit (Loss) | 4,598 | 11,187 | -58.9 |
| Operational Profit (Loss) | 3,664 | 10,338 | -64.56 |
| Net Profit (Loss) after Zakat and Tax | 3,659 | 10,037 | -63.54 |
| Total Comprehensive Income | 3,579 | 10,049 | -64.38 |
| Total Share Holders Equity (after Deducting Minority Equity) | 17,742 | 19,894 | -10.82 |
| Profit (Loss) per Share | 7.69 | 21.08 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| EIEMENT LIST | Amount | Percentage Of The Capital (%) |
|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value |
- |
- |
|
All figures are in (Millions) Saudi Arabia, Riyals |
| EIEMENT LIST | EXPLANATION |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year |
The reasons of decrease in revenue for the current year compared with last year: Decrease in average selling prices of company's products by 43% |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
Unmodified The reasons of decerease in net income for the current year compared with last year: • Decrease in revenue by 42%. • Decrease in share of of results from an associate and joint venture by 59%. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) |
N\A |
| Reclassification of Comparison Items | N\A |
| Additional Information |
* Income after zakat and income tax and net comprehensive income attributes to the parent company. *Attached is annual earnings release for 2023 . |
| Attached Documents | Click Here |