Saudi Kayan Petrochemical : اعلان شركة كيان السعودية للبتروكيماويات عن النتائج المالية الأولية للفترة الم

A2350 SAUDI KAYAN0.58 (2.83 %)
1443/03/18 Sun Oct 24, 2021 15:28:52

Saudi Kayan Petrochemical Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	3,434.06	2,105.54	63.096	2,973.71	15.48
Gross Profit (Loss)	976.38	236.53	312.793	1,041.41	-6.244
Operational Profit (Loss)	782.81	79.72	881.949	894.9	-12.525
Net Profit (Loss) after Zakat and Tax	667.45	-28.16	-	781	-14.539
Total Comprehensive Income	657.6	-46.89	-	757.8	-13.222
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	9,091.1	5,530.38	64.384
Gross Profit (Loss)	2,768.16	-54.99	-
Operational Profit (Loss)	2,264.5	-486.62	-
Net Profit (Loss) after Zakat and Tax	1,941.33	-943.14	-
Total Comprehensive Income	1,965.13	-1,009.42	-
Total Share Holders Equity (after Deducting Minority Equity)	15,974	13,943.44	14.562
Profit (Loss) per Share	1.29	-0.63
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 reason for achieving the net profit is due to an increase in the average selling prices of products and a decrease in financing costs despite the increase in the average cost of feedstock and decrease the quantities 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 reason for the decrease in net profit is due to a decrease in the average selling prices of products and an increase in the average prices of feedstocks, despite the increase in the quantities 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 reason for achieving the net profit is due to an increase in the average selling prices of products and a decrease in financing costs despite an increase in the average cost of feedstock and a decrease in the quantities sold.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain prior period figures have been re-classified to be aligned with the current period presentation.
Additional Information	According to the profits achieved at the end of the third quarter of the fiscal year 2021, all the accumulated losses on the company have been recovered, and the balance of the retained earnings amounting to 458.24 million riyals.

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.