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SABIC Agri-Nutrients Co. announces the interim financial results for the period ending on 31-12-2020 (Twelve Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 768.33845.58-9.135902.13-14.831
Gross Profit (Loss) 357.83430.94-16.965485.11-26.237
Operational Profit (Loss) 281.73344.07-18.118387.99-27.387
Net Profit (Loss) after Zakat and Tax 233.56343.79-32.063397.54-41.248
Total Comprehensive Income 177.18410.69-56.857451.44-60.752
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 3,327.543,287.581.215
Gross Profit (Loss) 1,665.191,694.03-1.702
Operational Profit (Loss) 1,307.971,328.27-1.528
Net Profit (Loss) after Zakat and Tax 1,294.41,473.92-12.179
Total Comprehensive Income 1,2061,340.24-10.016
Total Share Holders Equity (after Deducting Minority Equity) 8,160.617,996.292.054
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 quarter compared to the same quarter of the last year is The reasons of the decrease in the Net Income for the current quarter compared to the same quarter last year:

• Decrease in quantities sold of company's products as a result of the temporary shutdown for SAFCO 4 plant, which was announced on Tadawul on 30/4/1442 AH corresponding to 15/12/2020.

• Decrease in the share of Ibn Al-Baytar’s Company Net Income.

• Increase in Zakat provision.

Despite the decrease in Net Income, it has been limited by:

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

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 the decrease in the Net Income for the current quarter compared to previous quarter :

• Decrease in quantities sold of company's products as a result of the temporary shutdown for SAFCO 4 plant, which was announced on 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

Despite the decrease in Net Income, it has been limited by:

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

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 the decrease in the Net Income for the current period compared with same period last year:

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

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

• Increase in Zakat provision for the current year and the reversal Zakat provision in 2019

Despite the decrease in Net Income, it has been limited by:

• Increase in quantities sold of company's products

Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items NA

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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