Delayed
Saudi Arabian S.E.
07:15:58 2024-06-10 am EDT
5-day change
1st Jan Change
110
SAR
0.00%
-1.25%
-20.26%
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
Disclaimer
SABIC Agri-Nutrients Co. published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 10 August 2023 13:20:02 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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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.
More about the company
Average target price
133.2
SAR
Spread / Average Target
+21.12%
Consensus
1st Jan change
Capi.
-20.26% 13.96B -2.06% 14.23B +7.71% 12.73B -20.85% 9.09B -.--% 7.55B -12.35% 7.53B -17.85% 5.45B +15.01% 4.91B -30.41% 2.31B +7.11% 2.16B
Fertilizer
+951% of historical performance
More than 20 years at your side
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