Saudi Kayan turns to SAR 673.3 mln loss in Q1 2023

02/05/2023 Argaam Exclusive

Saudi Kayan Petrochemical Co. reported a net loss of SAR 673.3 million in Q1 2023, against a net profit of SAR 209.3 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 3,137.89 1,682.49 (46.4 %)
Gross Income 468.79 (339.36) (172.4 %)
Operating Income 304.33 (496.29) (263.1 %)
Net Income 209.38 (673.27) (421.6 %)
Average Shares 1,500.00 1,500.00 -
EPS (Riyals) 0.14 (0.45) (421.6 %)

The losses were attributed to lower average selling prices of products and sales volumes. This was due to the scheduled periodic maintenance for some plants that was previously announced on Jan. 18, 2023.

 

This is in addition to an increase in financing costs despite the lower average cost of feedstock.

 

Sequentially, the company narrowed its losses from SAR 791.13 million in Q4 2022.

 

Total shareholders’ equity, no minority interest, stood at SAR 14.78 billion as of March 31, 2023, compared to SAR 16.77 billion a year earlier.

 

Q1 2023 accumulated losses mounted to SAR 690.99 million, compared to SAR 302.1 million and SAR 854.23 million in Q1 2022 and Q4 2022, respectively.

View More Financial Results

 

View other reports

Share Price

Saudi Kayan Petrochemical Co.
6.84
(0.07) (1.01 %)

Saudi Kayan Petrochemical Co. (SAUDI KAYAN)

More


Financial Ratios
Current
Market Cap (M Riyal) 10,260.00
Enterprise Value (EV) (M) 18,920.11
Shares Outstanding ((M)) 1,500.00
EPS ( Riyal) (TTM) (1.16)
Book Value (BV) ( Riyal) 8.10
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 0.84
Return on Average Assets (%) (TTM) (6.64 )
Return on Average Equity (%) (TTM) (13.30 )
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request