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Saudi Kayan Petrochemical Co. announces the annual financial results ending on 31-12-2023
2350
SAUDI KAYAN
0.19
%
1445/08/05 15/02/2024 15:57:26
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 8,170.64 | 11,157.02 | -26.77 | ||
| Gross Profit (Loss) | -846.44 | -96.84 | 774.06 | ||
| Operational Profit (Loss) | -1,445.85 | -857.3 | 68.65 | ||
| Net profit (Loss) | -2,136.47 | -1,243.89 | 71.76 | ||
| Total Comprehensive Income | -2,193.21 | -991.97 | 121.1 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 13,284.08 | 15,477.29 | -14.17 | ||
| Profit (Loss) per Share | -1.42 | -0.83 | |||
| 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 | - | - | |
| Accumulated Losses | -2,711.91 | 18.1 | |
| 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 reason for decrease in the revenue for the current year compared to the last year is due to decrease in average selling prices additional to decrease in the quantities sold. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for increase in the net loss for the current year compared to the last year is due to decrease in average selling prices and decrease in the quantities produced and sold due to perform scheduled periodic maintenance additional to partial shutdown in Bisphenol plant as announced earlier at 18 January 2023 and 14 September 2023 respectively, in addition to increase in financing costs despite of decrease in the average feedstock prices. |
| 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) | 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 |
| Additional Information | - |
| 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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