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Saudi Chemical Co. announces its Annual Financial results for the period ending on 2023-12-31
2230
CHEMICAL
-0.13
%
1445/08/29 10/03/2024 07:50:23
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 4,854.8 | 3,695.9 | 31.36 | ||
| Gross Profit (Loss) | 672.7 | 487.7 | 37.93 | ||
| Operational Profit (Loss) | 317.3 | 177.4 | 78.86 | ||
| Net profit (Loss) | 182.9 | 80.2 | 128.05 | ||
| Total Comprehensive Income | 182.6 | 84.4 | 116.35 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 1,800.3 | 1,659.9 | 8.46 | ||
| Profit (Loss) per Share | 0.22 | 0.1 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The revenues increased by the amount of 1.16 billion Riyal compared to last year with 31% due to the increase in sales volumes and average selling prices for some of the products |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Increase in net income is attributable to the increase in sales volumes and average selling prices for some of the products, increase in share of profit from a joint venture and lower foreign currency revaluation loss, despite increase in finance costs and revaluation loss on derivative financial instruments related to interest rate exposure |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | not applicable |
| Reclassification of Comparison Items | Certain comparative figures for the previous year have been reclassified to conform to the current year’s presentation |
| Additional Information | Earnings per share for all periods presented is calculated by dividing the net profit by 843.2 million shares, after the approval of the Extraordinary General Assembly held on June 21, 2023, to divide the nominal value of the share from 10 Saudi riyals per share to 1 Saudi riyal per share, so that the number of shares of the company after the split becomes 843.2 million shares instead of 84.32 million shares. |
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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