Financial Results : Chemanol turns to SAR 48.8 mln loss in Q1 2023

Chemanol turns to SAR 48.8 mln loss in Q1 2023

21/05/2023 Argaam Exclusive

View other reports

Methanol Chemicals Co. (Chemanol) turned to a loss of SAR 48.8 million in Q1 2023 compared to a profit of SAR 102.7 million in the year-ago period, as the decline in average selling prices was not met with a similar decrease in raw materials prices.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 305.65 185.42 (39.3 %)
Gross Income 150.56 2.93 (98.1 %)
Operating Income 113.72 (40.64) (135.7 %)
Net Income 102.67 (48.84) (147.6 %)
Average Shares 67.45 67.45 -
EPS (Riyals) 1.52 (0.72) (147.6 %)

Additionally, production and sales volumes decreased due to periodic maintenance of some plants. The company also noted a slowdown in demand.

 

Compared to Q4 2022, net loss widened from SAR 15.96 million.

 

Shareholders equity, no minority interest, rose to SAR 1.17 billion as of March 31, 2023, compared to SAR 1.12 billion at the end of Q1 2022. 

View more financial results

 

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.