THIS SITE USES COOKIES

This website uses first and third party cookies (and equivalent technologies) to improve your experience on our site. Necessary cookies ensure that this site functions properly. We also use cookies to analyze how our site performs, understand your preferences and deliver tailored commercial content on this and other sites. For more information about which cookies we use, the information collected and SABIC’s purposes, please see our Cookie Notice. By clicking ‘Accept Cookies’ you agree to the use of such cookies.

Manage Cookies


Saudi Kayan Petrochemical Co. announces the annual financial results ending on 31-12-2023

2/15/2024

ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE
Sales/Revenue 8,170.64 11,157.02 -26.77
Gross Profit (Loss) -846.44 -96.84 774.06
Operational Profit (Loss) -1,445.85 -857.3 68.65
Net Profit (Loss) -2,136.47 -1,243.89 71.76
Total Comprehensive Income -2,193.21 -991.97 121.1
Total Share Holders Equity (after Deducting Minority Equity) 13,284.08 15,477.29 -14.17
Profit (Loss) per Share -1.42 -0.83
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 -2,711.91 18.1
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST EXPLANATION
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The reason for decrease in the revenue for the current year compared to the last year is due to decrease in average selling prices additional to decrease in the quantities sold.
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 the net loss for the current year compared to the last year is due to decrease in average selling prices and decrease in the quantities produced and sold due to perform scheduled periodic maintenance additional to partial shutdown in Bisphenol plant as announced earlier at 18 January 2023 and 14 September 2023 respectively, in addition to increase in financing costs despite of decrease in the average feedstock prices.
Statement of the type of external auditor's report Unmodified opinion
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) NA
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 Saudi Exchange