1443/03/25 Sun Oct 31, 2021 09:11:20
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Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
Sales/Revenue | 134,815 | 99,951 | 34.881 | 122,832 | 9.755 |
Gross Profit (Loss) | 23,664 | 3,058 | 673.839 | 28,910 | -18.145 |
Operational Profit (Loss) | 5,174 | -11,795 | - | 9,475 | -45.393 |
Net Profit (Loss) after Zakat and Tax | 4,863 | -9,905 | - | 9,573 | -49.2 |
Total Comprehensive Income | -734 | 5,116 | - | 16,393 | - |
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
Sales/Revenue | 420,463 | 324,518 | 29.565 |
Gross Profit (Loss) | 86,577 | 24,119 | 258.957 |
Operational Profit (Loss) | 27,485 | -17,471 | - |
Net Profit (Loss) after Zakat and Tax | 24,405 | -20,569 | - |
Total Comprehensive Income | 36,244 | -14,976 | - |
Total Share Holders Equity (after Deducting Minority Equity) | 322,864 | 291,443 | 10.781 |
Profit (Loss) per Share | 1.05 | -0.88 | |
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Explanation |
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 increase in Net Profit is mainly due to the following:
• Increase in average selling prices of finished products. • Reduction in finance cost • Decrease in provision for doubtful debts. However, the: • Increase in selling & distribution expense due to increase in sales quantity and freight charges. • Increase in major raw material prices |
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is |
The decrease in Net Profit is mainly due to the following:
• Decreased of margins profit for some of the company's products due to the high prices of major materials prices and high freight charges. However, the: • Increase in average selling prices of finished products. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
The increase in Net Profit is mainly due to the following:
• increase in average selling prices of all finished products. • Increase in sold quantities. • Reduction in finance cost However the: • Increase in selling & distribution expense due to increase in sold quantities and freight charges. • Increase in general and administrative expenses due to additional provisions made during the period. |
Statement of the type of external auditor's report | Unmodified conclusion |
Reclassification of Comparison Items | NA |
Additional Information |
The company announces accumulated losses amounting to SAR (46.968) million as on June 30, 2021, which turned into accumulated profits of SAR 97.345 million as on September 30, 2021. This was done by selling YANSAB shares during Q3 2021. The net proceeds from the sale of YANSAB shares amounting to SAR 139.65 million were transferred to the Saudi Industrial Development Fund as a one-time partial payment in return for the repayment of the company's loans with the Fund, which led to a significant improvement in the company's main financial ratios from June 30, 2021 to September 30, 2021
1) The current liquidity ratio: Q3 2021: 0.82: 1 compared to 0.54: 1 for Q2 2021 2) Debt to Equity Ratio: Q3 2021 2.54:1 compared to 3.04:1 for Q2 2021 |
The Capital Market Authority and the Saudi Stock 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.
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Nama Chemicals Co. SJSC published this content on 31 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2021 10:36:05 UTC.