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SABIC Agri-Nutrients Co. announces its annual financial results ending on 31-12-2020

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 3,327.5423,287.5821.215
Gross Profit (Loss) 1,665.1881,694.025-1.702
Operational Profit (Loss) 1,307.9681,328.27-1.528
Net Profit (Loss) after Zakat and Tax 1,294.4011,473.919-12.179
Total Comprehensive Income 1,206.0121,340.242-10.015
Total Share Holders Equity (after Deducting Minority Equity) 8,160.6097,996.2912.054
Profit (Loss) per Share 3.113.54
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reasons of the decrease in the Net Income for the current year compared with the last year:

• Decrease in average selling prices for the company’s products

• Unplanned Shutdown of SAFCO 4 plant, which was announced in TADAWUL on 30/4/1442 AH corresponding to 15/12/2020.

• Decrease in the company’s share of Ibn Al-Baytar Company Net income

• Increase in Zakat provision due to the increase in Zakat base

This decrease in Net Income was minimized by:

• Increase in sold quantities of company’s products

Statement of the type of external auditor's report Unmodified opinion
Reclassification of Comparison Items N/A

The Capital Market Authority and the Saudi Stock 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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