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SABIC Agri-Nutrients Co. announces its interim financial results for the period ending on 30-09-2021 (Nine Months)

10/27/2021

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CURRENT CHANGEPREVIOUS QUARTER% CHANGE PREVIOUS
Sales/Revenue2,206.81902.13144.6221,838.9820.001
Total Profit (Loss)1,547.91485.11219.0841,122.9837.839
Profit (Loss) Operational1,369.17387.99252.887951.2243.938
Net Profit (Loss) after Zakat and Tax1,206.47397.53203.491836.1344.292
Total Comprehensive Income1,268.53451.44180.9961,008.8225.743
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
Sales/Revenue5,552.142,559.21116.947
Total Profit (Loss)3,315.671,307.36153.615
Profit (Loss) Operational2,822.161,026.24174.999
Net Profit (Loss) after Zakat and Tax2,465.181,060.84132.38
Total Comprehensive Income2,828.771,028.83174.95
Total Share Holders Equity (after deducting minority equity)12,758.47,983.4259.811
Profit (Loss) per Share5.182.55
All figures are in (Millions) Saudi Arabia, Riyals

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

• Increase in average selling prices of company's products.

Despite the increase in net profit, it has been limited by:

• Increase in cost of goods sold.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is 

The reasons of increase in net profit for the current quarter compared to previous quarter:

• Increase in sales quantity and average selling prices of company's products.

• Decrease in cost of goods sold

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reasons of increase in net profit for the current period compared to previous period last year :

• Increase in average selling prices of company's products.

Despite the increase in net profit, it has been limited by:

• Increase in the provision for obsolete and dormant inventory.

• Increase in cost of goods sold.

Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion NA
 Reclassification of Comparison Items  NA
 Additional Information  We would like to highlight (as have been previously announced in Saudi Stock Exchange (Tadawul) website on 20/05/1442H corresponding to 04/01/2021) that the acquisition transaction completed on entire share capital of the SABIC Agri-Nutrients Investment Company which had material impact on the financial statements of the company due to consolidation of its financial statements with acquired company in adherence with adopted accounting standards and policies. Additionally, the capital increased due to acquisition transaction in which the number of shares has increased from 416,666,666 shares to 476,035,404 and therefore it had impact on earnings per share