SABIC Agri Nutrients : announces its interim consolidated financial results for the period ending on 31-03-2023 (Three Months)
May 30, 2023
Share
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.
SABIC Agri-Nutrients Co. published this content on 01 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2023 10:46:04 UTC.
SABIC Agri-Nutrients Company SJSC is a Saudi Arabia-based company, engaged in the manufacturing of fertilizers. The Company operates in two segments: Petrochemicals and Agri-Nutrients. The company's activities include production, conversion and manufacturing, marketing and trade of fertilizers. The Companyâs products include urea, ammonia, phosphate and compound fertilizers, various types of chemical fertilizers and a portfolio of nitrogen-based inorganic products.
SABIC AGRI-NUTRIENTS COMPANY 
