Saudi Chemical Holding Co. reported a net profit after Zakat and tax of SAR 56.8 million for the first nine months of 2022, a decline of 25%, compared to SAR 75.9 million in the year-earlier period.
The profit drop was driven by higher cost of finance and increased forex losses, despite lower general, Zakat and income tax expenses.
Q3 2022 net profit after Zakat and tax increased 33% to SAR 10.3 million, from SAR 7.75 million in the prior-year period, on higher gross profit, and, lower Zakat and income tax expenses, despite an increase in expected credit loss on trade receivables, higher cost of finance, and forex losses.
Current Quarter Comparison (M)
|Item||Q3 2021||Q3 2022||Change|
On a sequential basis, Q3 net profit dropped 25.2%, from SAR 13.8 million.
Total shareholders’ equity, after minority rights, reached SAR 1.674 billion as of Sept. 30, 2022, compared to SAR 1.664 billion in prior-year period.
View other reports
Saudi Chemical Co. (CHEMICAL)
|Market Cap (M Riyal)||2,314.58|
|Enterprise Value (EV) (M)||4,205.68|
|Book Value (BV) ( Riyal)||19.86|
|Adjusted P/E (Last12)||45.79|
|Return on Average Assets (%) (TTM)||1.0|
|Return on Average Equity (%) (TTM)||3.0|
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.