Logo of Sadara Chemical Co.
Sadara Chemical Co., the parent company of Sadara Basic Services Co., turned to a net profit after Zakat and tax to SAR 3.105 billion (SAR 0.81/share) in 2021, from a net loss of SAR 3.220 billion in the previous year.
The company attributed the profit to higher selling prices, continuous financial discipline, and the recognition of a modification gain of SAR 1.05 billion from debt re-profiling.
|
Income statement |
|||
|
Period |
2020 |
2021 |
Change (%) |
|
Revenue (SAR mln) |
10503.4 |
17617.4 |
+68% |
|
Total income (SAR mln) |
(360.4) |
5146.8 |
-- |
|
Operating income (SAR mln) |
(826.0) |
4428.0 |
-- |
|
Net income (SAR mln) |
(3220.2) |
3105.6 |
-- |
|
Earnings per share (SAR/share) |
(0.94) |
0.81 |
-- |
The company turned to a net profit after Zakat and tax of SAR 197.2 million in Q4 2021 from a net loss of SAR 24.6 million.
Total shareholders’ equity, after minority interest, leapt 142% to SAR 6.342 billion in 2021, compared with SAR 2.622 billion a year earlier.
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Sadara Chemical earnings |
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|
Period |
Revenue (SAR mln) |
Net income (SAR mln) |
|
2020 |
||
|
Q1 |
24500.4 |
(1276.3) |
|
Q2 |
1861.2 |
(1405.7) |
|
Q3 |
2809.0 |
(513.7) |
|
Q4 |
3382.8 |
(24.6) |
|
2021 |
||
|
Q1 |
4417.0 |
1617.8 |
|
Q2 |
3889.4 |
606.3 |
|
Q3 |
4690.2 |
684.3 |
|
Q4 |
4620.8 |
197.2 |
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