تعلن شركة سابك للمغذيات الزراعية عن النتائج المالية الأولية للفترة المنتهية في 30-09 -2021 (تس

A2020 SABIC AGRI-NUTRIENTS-0.8 (-0.46 %)
1443/03/21 Wed Oct 27, 2021 08:17:50

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

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,206.81	902.13	144.622	1,838.98	20.001
Gross Profit (Loss)	1,547.91	485.11	219.084	1,122.98	37.839
Operational Profit (Loss)	1,369.17	387.99	252.887	951.22	43.938
Net Profit (Loss) after Zakat and Tax	1,206.47	397.53	203.491	836.13	44.292
Total Comprehensive Income	1,268.53	451.44	180.996	1,008.82	25.743
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	5,552.14	2,559.21	116.947
Gross Profit (Loss)	3,315.67	1,307.36	153.615
Operational Profit (Loss)	2,822.16	1,026.24	174.999
Net Profit (Loss) after Zakat and Tax	2,465.18	1,060.84	132.38
Total Comprehensive Income	2,828.77	1,028.83	174.95
Total Share Holders Equity (after Deducting Minority Equity)	12,758.4	7,983.42	59.811
Profit (Loss) per Share	5.18	2.55
All figures are in (Millions) Saudi Arabia, Riyals

Element List	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 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

The Capital Market Authority and the Saudi Stock 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.