اعلان شركة نماء للكيماويات عن النتائج المالية الأولية للفترة المنتهية في 2021-09-30 ( تسعة أشه

A2210 NAMA CHEMICALS0.0 (0.0 %)
1443/03/25 Sun Oct 31, 2021 09:11:20

Nama Chemicals Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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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

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