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SABIC Agri-Nutrients Co.announces its interim consolidated financial results for the period ending on 31-03-2023 (Three Months)

5/01/2023

ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CURRENT CHANGE PREVIOUS QUARTER % CHANGE PREVIOUS
Sales/Revenue 2,760 4,657 -40.73 4,206 -34.38
Total Profit (Loss) 1,137 2,873 -60.42 1,839 -38.17
Profit (Loss) Operational 957 2,608 -63.3 2,183 -56.16
Net Profit (Loss) after Zakat and Tax 981 2,513 -60.96 2,168 -54.75
Total Comprehensive Income 966 2,579 -62.54 2,109 -54.2
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Total Share Holders Equity (after deducting minority equity) 17,007 18,130 -6.19
Profit (Loss) per Share 2.06 5.28
All figures are in (Millions) Saudi Arabia, Riyals


ELEMENT EXPLANATION
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 average selling prices of company's products by almost 40%.

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

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

•Decrease in average selling prices of company's products by almost 26%.

•Decrease in quantity sold of company's products by almost 8%. It is worth mentioning that the Company has completed the scheduled turnaround of the Company’s fourth plant of Ammonia and Urea as disclosed in Board of Directors’s Report for the year 2022.

Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Yes
Additional Information

Net comprehensive income attributes to the parent company.