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Saudi Kayan Petrochemical Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 8,007.339,536.4-16.034
Gross Profit (Loss) 417.81,072.21-61.033
Operational Profit (Loss) -192.58379-
Net Profit (Loss) after Zakat and Tax -784.73-636.7823.234
Total Comprehensive Income -944-745.526.626
Total Share Holders Equity (after Deducting Minority Equity) 14,008.8714,952.87-6.313
Profit (Loss) per Share -0.52-0.42
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 reason for increase in net loss is due to a decrease in the average selling prices of products in addition to the decrease in the quantities produced and sold due to the scheduled periodic maintenance that was previously announced, despite a decrease in the average cost of feedstock and a decrease in financing costs and general and administrative expenses.
Statement of the type of external auditor's report Unmodified opinion
Reclassification of Comparison Items Certain prior period figures have been re-classified to be aligned with the presentation in the current year

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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