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Saudi Kayan Petrochemical Co. announces the interim financial results for the period ending on 30-06-2023 (Six Months)
2350
SAUDI KAYAN
0.22
%
1445/01/12 30/07/2023 15:57:52
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,209.3 | 3,406.82 | -35.15 | 1,682.49 | 31.31 |
| Gross Profit (Loss) | -111.04 | 435.45 | - | -339.4 | -67.28 |
| Operational Profit (Loss) | -240.16 | 247.36 | - | -494.63 | -51.45 |
| Net Profit (Loss) after Zakat and Tax | -392.13 | 150.13 | - | -673.27 | -41.76 |
| Total Comprehensive Income | -373.85 | 265.55 | - | -690.99 | -45.9 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 3,891.79 | 6,544.71 | -40.53 |
| Gross Profit (Loss) | -450.4 | 904.24 | - |
| Operational Profit (Loss) | -734.78 | 553.03 | - |
| Net Profit (Loss) after Zakat and Tax | -1,065.4 | 359.5 | - |
| Total Comprehensive Income | -1,064.84 | 567.65 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 14,412.45 | 17,036.92 | -15.4 |
| Profit (Loss) per Share | -0.71 | 0.24 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| -1,640.83 | 15,000 | 10.94 | |
| 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 the net loss for this quarter compared with same quarter last year is due to a decrease in the average selling prices of products and a decrease in sold products in addition to increase in financing costs despite of decrease in the average cost of feedstock. |
| 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 reason for decrease the net loss for this quarter compared with previous quarter is due to an increase in sold products and decrease in the average cost of feedstock. |
| 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 the net loss for current period compared to the similar period of the previous year is due to a decrease in the average selling prices of products and a decrease in sold products due to the scheduled periodic maintenance for some plants that was previously announced in 18 January 2023 in addition to increase in financing costs, despite of decrease in the average cost of feedstock. |
| 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 | Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period. |
| Attached Documents |  |
The Capital Market Authority and Saudi 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.
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