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SABIC Agri-Nutrients Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 5,7001,839209.954,65722.4
Gross Profit (Loss) 3,4731,123209.263,02514.81
Operational Profit (Loss) 3,120951228.072,61419.36
Net Profit (Loss) after Zakat and Tax 3,025836261.842,51320.37
Total Comprehensive Income 2,968884235.752,57915.08
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 10,3573,345209.63
Gross Profit (Loss) 6,4991,768267.59
Operational Profit (Loss) 5,7351,453294.7
Net Profit (Loss) after Zakat and Tax 5,5381,259339.87
Total Comprehensive Income 5,5471,408293.96
Total Share Holders Equity (after Deducting Minority Equity) 17,76511,59753.19
Profit (Loss) per Share 11.632.64
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 increase in net profit for the current quarter compared to same quarter last year:

• Increase in quantities sold of company products.

• Increase in average selling prices of company products.

Despite the increase in net profit, it has been limited by:

• Increase in selling and distribution expenses.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reasons of increase in net profit for the current quarter compared with previous quarter:

• Increase in quantities sold of company products.

Despite the increase in net profit, it has been limited by:

• Increase in selling and distribution expenses.

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 increase in net profit for the current period compared to same period last year:

• Increase in quantities sold of company products.

• Increase in average selling prices of company products.

Despite the increase in net profit, it has been limited by:

• Increase in selling and distribution expenses.

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 On 1st of Jan 2022, SABIC Agri Nuitrent becomes the marketer to sell it’s own products which impact the company financial performance by having higher revenue and higher logistic cost which SABIC was our Marketer before.

• Net comprehensive income atributes to the parent compan.

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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