SABIC Agri-Nutrients announces its annual financial results ending on 31-12-2021
3/02/2022
| ELEMENT | CURRENT YEAR | PREVIOUS YEAR | % CHANGE |
| Sales/Revenue | 9,591.98 | 3,327.54 | 188.26 |
| Gross Profit (Loss) | 6,506.59 | 1,665.19 | 290.741 |
| Operational Profit (Loss) | 5,812.84 | 1,307.97 | 344.416 |
| Net Profit (Loss) after Zakat and Tax | 5,228.02 | 1,294.4 | 303.895 |
| Total Comprehensive Income | 5,361.03 | 1,206.01 | 344.526 |
| Total Share Holders Equity (after Deducting Minority Equity) | 15,550.79 | 8,160.61 | 90.559 |
| Profit (Loss) per Share | 10.98 | 3.11 | |
| All figures are in (Millions) Saudi Arabia, Riyals |
| EIEMENT LIST | EXPLANATION |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reasons of increase in net profit for the current year compared with the last year: • Increase in average selling prices of company's products. Despite the increase in net profit, it has been limited by: • Increase in the provision for obsolete and dormant inventory. • Increase in General and Administrative Expenses and Zakat provision, due to an increase in the sales revenue. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | We would like to highlight as have been previously announced in Saudi Stock Exchange (Tadawul) website on 20/05/1442H corresponding to 04/01/2021) that the acquisition transaction completed on entire share capital of the SABIC Agri-Nutrients Investment Company which had material impact on the financial statements of the company due to consolidation of its financial statements with acquired company in adherence with adopted accounting standards and policies. Additionally, the capital increased due to acquisition transaction in which the number of shares has increased from 416,666,666 shares to 476,035,404 and therefore it had impact on earnings per share |