Saudi Kayan Petrochemical Co. announces the annual financial results ending on 31-12-2024

2/20/2025

Element List	Current Year	Previous Year	%Change
Sales/Revenue	8,726.03	8,170.64	6.8
Gross Profit (Loss)	-642.46	-846.44	-24.1
Operational Profit (Loss)	-1,133.73	-1,445.85	-21.59
Net profit (Loss)	-1,803.72	-2,136.47	-15.57
Total Comprehensive Income	-1,781.23	-2,193.21	-18.78
Total Shareholders Equity (after Deducting Minority Equity)	11,502.85	13,284.08	-13.41
Profit (Loss) per Share	-1.2	-1.42
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	-4,515.62	-30.1
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 the increase in sales during the year compared to the last year is due to the increase in average selling prices of products.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the decrease in net loss for the year compared to the previous year is the increase in average selling prices of products despite of increase in some raw materilas costs in addition to the collection of partial insurance amount for the Bisphenol plant reached to 253 MSR.
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)	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	Download