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Saudi Basic Industries Corp. — Earnings Release 2021
Mar 9, 2022
53286_rns_2022-03-09_1d0d704f-f79d-49e5-8921-0a1c17070de4.html
Earnings Release
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Saudi Basic Industries Corp. announces its Annual Financial Results for the Period Ending on 2021-12-31
2010 · 09/03/2022 09:35:57 · Announcement #67013 · View on Saudi Exchange
Saudi Basic Industries Corp. announces its Annual Financial Results for the Period Ending on 2021-12-31
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 174.88 | 116.95 | 49.533 |
| Gross Profit (Loss) | 51.09 | 22.64 | 125.662 |
| Operational Profit (Loss) | 33.24 | 4.57 | 627.352 |
| Net Profit (Loss) after Zakat and Tax | 23.07 | 0.07 | 32,857.142 |
| Total Comprehensive Income | 22.86 | -0.002 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 180.14 | 167.63 | 7.462 |
| Profit (Loss) per Share | 7.69 | 0.02 | |
| All figures are in (Billions) Saudi Arabia, Riyals |
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net income is mainly attributable to higher average selling prices and increase in the share of results of joint ventures and associates. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Certain prior period figures have been re-classified to confirm with the presentation in the current period |
| Additional Information | On January 1st 2021, the company has early adopted the amendment to IAS 16-– ‘Property, Plant and Equipment: Proceeds before Intended Use’. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.