2001 · 18/05/2022 08:06:34 · Announcement #68256 · View on Saudi Exchange

Methanol Chemicals Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 305.65194.7956.912336.91-9.278
Gross Profit (Loss) 150.5661.7144.019136.2910.47
Operational Profit (Loss) 112.6735.84214.36995.3918.115
Net Profit (Loss) after Zakat and Tax 102.6729.88243.60779.8428.594
Total Comprehensive Income 102.6729.88243.60775.8535.359
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 1,121.21808.4138.693
Profit (Loss) per Share 1.520.44
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 reason of the increase in the net profit of the Company during the current quarter compared to the same quarter of the last year is primarily due to an increase in the average selling prices despite the increase in costs of production and supply chain in general.
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 reason of the increase in the net profit of the Company during the current quarter compared to the previous quarter is primarily due to an increase in the average selling prices despite the increase in costs of production and supply chain in general.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Certain prior period figures have been reclassified to conform to current period’s presentation.
Additional Information It is worth noting that the net profit for the current quarter is the highest achieved since the establishment of the Company despite the increase in costs in general, and rise in global inflation.

Earnings per share for the period ended March 31, 2021, has been calculated retroactively as a result of a change in the number of shares after reducing the Company's capital in accordance with the Extraordinary General Assembly resolution dated 28/06/2021, and accordingly the number of the Company’s shares has been reduced from 120,600,000 to 67,450,863 shares.

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