Saudi Kayan Petrochemical announces interim financial results for the period ending 2021-09-30 (nine months)

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Saudi Kayan Petrochemical Co. Reports Interim Financial Results for the Period Ended 2021-09-30 (Nine Months)

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List of items

Current quarter

Similar quarter for the previous year

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Previous quarter

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Sales / Revenue

3 434.06 2 105.54 63,096 2 973.71 15.48

Gross profit (loss)

976.38 236.53 312,793 1041.41 -6.244

Operating profit (loss)

782.81 79.72 881,949 894.9 -12,525

Net profit (loss) after zakat and taxes

667.45 -28.16 781 -14.539

Total comprehensive income

657.6 -46.89 757.8 -13,222

All figures are in (Millions) Saudi Arabia, Riyals

List of items

Current period

Similar period for the previous year

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Sales / Revenue

9,091.1 5 530.38 64,384

Gross profit (loss)

2,768.16 -54.99

Operating profit (loss)

2264.5 -486.62

Net profit (loss) after zakat and taxes

1,941.33 -943.14

Total comprehensive income

1,965.13 -1.009.42

Total shareholders’ equity (after deduction of minority equity)

15,974 13,943.44 14,562

Earnings (loss) per share

1.29 -0.63

All figures are in (Millions) Saudi Arabia, Riyals

List of items

Explanation

The reason for the increase (decrease) in net profit in the current quarter compared to the same quarter of last year is

The reason for achieving net profit is due to an increase in the average selling prices of the products and a decrease in financing costs despite the increase in the average cost of raw materials and the decrease in quantities sold.

The reason for the increase (decrease) in net profit in the current quarter compared to the previous period in the current year is

The reason for the decrease in net income is due to a decrease in the average selling prices of products and an increase in the average prices of raw materials, despite the increase in quantities sold.

The reason for the increase (decrease) in net profit during the current period compared to the same period last year is

The reason for the realization of the net result is due to an increase in the average selling prices of the products and a decrease in the financing costs despite an increase in the average cost of the raw material and a decrease in the quantities sold.

Declaration of the type of external auditor’s report

Unmodified conclusion

Reclassification of comparators

Certain figures for the prior period have been reclassified in order to be in line with the presentation for the current period.

Additional information

According to the profits realized at the end of the third quarter of fiscal 2021, all the losses accumulated on the company were recovered, and the balance of the retained earnings amounted to 458.24 million riyals.

The Capital Market Authority and the Saudi Stock Exchange assume no responsibility for the content of this disclosure, make no representation as to its accuracy or completeness, and expressly disclaim all liability for any loss resulting from, or incurred in doing so. basis on, any part of this disclosure, and the Issuer accepts full responsibility for the accuracy of the information contained therein and confirms, after making all reasonable inquiries, that to its knowledge, there is no other fact or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Disclaimer

Saudi Kayan SJSC Petrochemical Company published this content on 24 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 24 October 2021 12:53:03 PM UTC.

Public now 2021

All news on SAUDI KAYAN PETROCHEMICAL COMPANY
Sales 2021 11 226 million
2 993 million
2 993 million
Net income 2021 1,694 million
452 million
452 million
Net debt 2021 12,601 million
3,360 M
3,360 M
PER 2021 ratio 15.8x
Yield 2021
Capitalization 30,780 million
8,206 million
8,206 million
VE / Sales 2021 3.86x
VE / Sales 2022 3.62x
Number of employees
Free float 65.0%

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