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

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