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SABIC Agri-Nutrients Co. announces its Interim Financial results for the Period Ending on 31-03-2024 ( Three Months )

2020
SABIC AGRI-NUTRIENTS
-0.18 %
1445/10/16     25/04/2024 16:24:44

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 2,5172,760-8.8042,972-15.309
Gross Profit (Loss) 9881,137-13.1041,303-24.174
Operational Profit (Loss) 730957-23.7191,020-28.431
Net profit (Loss) 841981-14.271978-14.008
Total Comprehensive Income 874966-9.5238216.455
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (After Deducting the Minority Equity) 18,52617,0078.931
Profit (Loss) per Share 1.772.06
All figures are in (Millions) Saudi Arabia, Riyals


Element ListPercentage of the capital (%)Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Millions) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reasons of decrease in revenue for the current quarter compared to the same quarter last year:

• Decrease in sold quantitites for the company by 2%.

• Decrease in average selling prices by 7%.

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 decrease in net profit for the current quarter compared to the same quarter last year:

• Decrease in sold quantitites for the company by 2%.

• Decrease in average selling prices by 7%.

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reasons of decrease in revenue for the current quarter compared with previous quarter:

• Decrease in sold quantitites for the company by 14% as a result of the completion of scheduled turnedaround of the company's third plant for the production of urea and ammonia during the current quarter.

• Decrease in average selling prices by 2%.

The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reasons of decrease in net profit for the current quarter compared with previous quarter:

• Decrease in sold quantitites for the company by 14% as a result of the completion of scheduled turnedaround of the company's third plant for the production of urea and ammonia during the current quarter.

• Decrease in average selling prices by 2%.

Statement of the type of external auditor's report Unmodified conclusion
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 Q1-2024 earnings release .

Attached Documents  

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Performance

SABIC AGRI-NUTRIENTS
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Key Parameters
Last Price 114.0
Net Change -0.2 (-0.18%)
Value Traded (Sar) 35,078,837.6
Volume Traded 307,416
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