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Saudi Chemical 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 956.68899.916.31903.995.83
Gross Profit (Loss) 113.69127.66-10.94127.49-10.82
Operational Profit (Loss) 39.9247.14-15.3257.31-30.34
Net Profit (Loss) after Zakat and Tax 13.827.27-49.3932.71-57.81
Total Comprehensive Income 13.827.27-49.3932.71-57.81
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 1,860.671,869.37-0.47
Gross Profit (Loss) 241.19256.61-6.01
Operational Profit (Loss) 97.23107.96-9.94
Net Profit (Loss) after Zakat and Tax 46.568.1-31.72
Total Comprehensive Income 46.568.1-31.72
Total Share Holders Equity (after Deducting Minority Equity) 1,664.131,656.290.47
Profit (Loss) per Share 0.550.81
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 decrease in net income was due to the decrease in the gross profit along with the increase in finance cost, beside other losses resulted from hedging impact against interest rates and foreign currency revaluation, despite the decrease in general expenses, along with zakat and tax provision.
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 decrease in net income was due to the decrease in the gross profit and the increase in account receivables provision, finance cost beside other losses resulted from hedging impact against interest rates, despite the decrease in general expenses, along with zakat and tax provision.
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 reduction in net income compared with the same period last year mainly due to the decrease in gross profit and the increase in finance cost, beside other losses resulted from hedging impact against interest rates and foreign currency revaluation, despite the decrease in general expenses along with zakat and tax provision.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Certain comparative figures for the previous period have been reclassified to conform to the current period's presentation.

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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