Sahara International Petrochemical Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,969.8 | 1,924.6 | 2.348 | 1,738.9 | 13.278 |
| Gross Profit (Loss) | 159.5 | 480.1 | -66.777 | 308.8 | -48.348 |
| Operational Profit (Loss) | -55.6 | 294.3 | - | 46.5 | - |
| Net profit (Loss) | 195.3 | 181.5 | 7.603 | 20 | 876.5 |
| Total Comprehensive Income | 188.9 | 186.6 | 1.232 | -3.1 | - |
| 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) | 15,430 | 15,757.4 | -2.077 |
| Profit (Loss) per Share | 0.27 | 0.25 | |
| 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 | - | - | |
| 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 company’s revenue increased during the current quarter compared to the same quarter previous year, primarily due to an increase in some of selling prices of the company’s products and an increase in sales volumes. |
| 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 company reported higher net profit for the current quarter compared to the same quarter previous year, primarily due to Increase in revenue driven by higher selling prices in some of company products and increased sales volumes inspite of higher feedstock and raw material costs.
Additionally, higher share of profits from investments in joint ventures and associates increase in one of the associates as result of Acrylic Complex restructuring of debt as announced in Tadawul, with Sipchem share of impact amounting to SR 429 million.
Further, the Company incurred an impairment loss of SR 200 million related to the mothball of the Ethyl Acetate plant of Sipchem Chemical Company (an affiliate of Sipchem) as previously announced in TADAWUL. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company’s revenue increased during the current quarter compared to the previous quarter, primarily due to an increase in the selling prices in some of the company’s products and an increase in sales volumes. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company reported higher net profit for the current quarter compared to the previous quarter, primarily due to Increase in revenue driven by higher selling prices in some of company products & increased sales volumes inspite of higher feedstock & raw material costs. Additionally, higher share of profits from investments in joint ventures and associates increase in one of the associates as result of Acrylic Complex restructuring of debt as announced in Tadawul, with Sipchem share of impact amounting to SR 429 million.
Further, the Company incurred an impairment loss of SR 200 million related to the mothball of the Ethyl Acetate plant of Sipchem Chemical Company (an affiliate of Sipchem) as previously announced in TADAWUL. |
| 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 | None |
| Additional Information | None |
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