THIS SITE USES COOKIES

This website uses first and third party cookies (and equivalent technologies) to improve your experience on our site. Necessary cookies ensure that this site functions properly. We also use cookies to analyze how our site performs, understand your preferences and deliver tailored commercial content on this and other sites. For more information about which cookies we use, the information collected and SABIC’s purposes, please see our Cookie Notice. By clicking ‘Accept Cookies’ you agree to the use of such cookies. Alternatively you can manage which cookies are placed on your device by selecting

Manage Cookies



Sabic Agri-Nutrients Co.announces its interim consolidated financial results for the period ending on 30-06-2023 (Six Months)

8/01/2023

ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CURRENT CHANGE PREVIOUS QUARTER % CHANGE PREVIOUS
Sales/Revenue

2,629

5,700

-53.88

2,760

-4.75

Total Profit (Loss)

932

3,260

-71.41

1,137

-18.03

Profit (Loss) Operational

678

3,126

-78.31

957

-29.15

Net Profit (Loss) after Zakat and Tax

651

3,025

-78.48

981

-33.64

Total Comprehensive Income

728

2,968

-75.47

966

-24.64

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Sales/Revenue

5,389

10,357

-47.97

Total Profit (Loss)

2,069

6,132

-66.26

Profit (Loss) Operational

1,635

5,732

-71.47

Net Profit (Loss) after Zakat and Tax

1,632

5,538

-70.53

Total Comprehensive Income

1,693

5,547

-69.48

Total Share Holders Equity (after deducting minority equity)

16,407

17,765

-7.64

Profit (Loss) per Share

3.43

11.63

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 52%

• Decrease in quantity sold of company's products by 3%

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 18% which was mitigated by the increase of quantities sold of company's products by 16%

 as a result of the completion of scheduled turnedaround of the company's fourth plant for the production of urea and ammonia during last quarter, 

as well as the increase in the quantities sold from associated companies.

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 decrease in net profit for the current period compared to the previous period:

• Decrease in average selling prices of company's products by 47%

• Decrease in quantity sold of company's products by 2%

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 Yes
Additional Information

Net comprehensive income attributes to the parent company.

Attached Q2-2023 earnin.

Attached Documents  Click Here