SABIC AGRI-NUTRIENTS

25 April, 2024 16:24

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

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  

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