Saudi Kayan Petrochemical Co. announces the interim financial results for the period ending on 30-09-2024 (9 Months)

29 October 2024 09:48 AM

SAUDI KAYAN 2350 14.43% 5.71 0.72

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,398.63	2,137.26	12.229	2,106.24	13.882
Gross Profit (Loss)	63.23	-120.62	-	-34.1	-
Operational Profit (Loss)	-126.5	-265.97	-52.438	-91.28	38.584
Net profit (Loss)	-296.16	-448.97	-34.035	-250.09	18.421
Total Comprehensive Income	-276.61	-388.87	-28.868	-230.54	19.983
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	6,480.72	6,029.05	7.491
Gross Profit (Loss)	-245.69	-575.42	-57.302
Operational Profit (Loss)	-611.14	-1,000.76	-38.932
Net profit (Loss)	-1,118.11	-1,514.38	-26.167
Total Comprehensive Income	-1,130.87	-1,453.71	-22.208
Total Shareholders Equity (after Deducting Minority Equity)	12,153.21	14,023.58	-13.337
Profit (Loss) per Share	-0.75	-1.01
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-3,830.01	-25.5
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The reason for the increase in sales during the current quarter compared to the same quarter of the last year is due to increase average selling prices of products.
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 reason for decrease in the net loss for this quarter compared to same quarter last year is due to increase in average selling prices of products despite of the increase in feedstock prices.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for increase in sales during the current quarter compared to the previous one is due to increase in average selling prices of products as well as increase in sales quantities.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the increase in net loss for the current quarter compared to the previous quarter is that the second quarter results included the collection of an amount from insurance equal to 130 MSAR as previously announced in the second quarter result, in addition to the increase in average prices of feedstock despite the increase in average selling prices of products and the increase in quantities sold.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The reason for increase in sales during the current period compared to the same period of the last year is due to increase in average selling prices of 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 reason for the decrease in net loss for the current period compared to the same period of the last year is due to the increase in average selling product prices in addition to the collection of the insurance amount of 178 MSAR despite the increase in average feedstock prices.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period.
Additional Information	-
Attached Documents