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Saudi Kayan Petrochemical Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
4/29/2025
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,061.79 | 1,975.84 | 4.35 | 2,245.31 | -8.173 |
| Gross Profit (Loss) | -388.65 | -274.82 | 41.419 | -390.21 | -0.399 |
| Operational Profit (Loss) | -648.86 | -393.36 | 64.953 | -522.6 | 24.159 |
| Net profit (Loss) | -775.78 | -571.86 | 35.659 | -685.61 | 13.151 |
| Total Comprehensive Income | -771.48 | -539.44 | 43.014 | -650.36 | 18.623 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 10,731.37 | 12,744.6 | -15.796 |
| Profit (Loss) per Share | -0.52 | -0.38 | |
| 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 | 5,002.93 | 33.35 | |
| 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 revenues during the current quarter compared to the same quarter of the previous year is due to the increase in average sales prices. |
| 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 the increase in the net loss during the current quarter compared to the same quarter of the previous year is due to the increase in the raw materials costs , as the company had previously announced that it had received a notice of an increase in feedstock prices as announced on the Saudi Stock Exchange (Tadawul) on 02 January 2025, in addition to the non-recurring cost of refinancing Islamic Murabaha loans and restructuring as part of the transformation program, which will have a positive impact on the company's future financial results.
It is worth mentioning that the same quarter of the previous year included the collection of a partial insurance amount amounting to SAR 47 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the decrease in revenues during the current quarter compared to the previous quarter is due to the decrease in average sales prices. |
| 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 the net loss during the current quarter compared to the previous quarter is due to the decrease in average sales prices and the increase in the raw materials costs , as the company had previously announced that it had received a notice of an increase in feedstock prices as announced on the Saudi Stock Exchange (Tadawul) on 02 January 2025, in addition to the non-recurring cost of refinancing Islamic Murabaha loans and restructuring as part of the transformation program, which will have a positive impact on the company's future financial results.
It is worth mentioning that the previous quarter included the collection of a partial insurance amount amounting to SAR 75 million |
| 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 comparative figures have been reclassified to conform to the current period. |
| Additional Information | - |
| Attached Documents | Download |