| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Achieving the net profit is attributable to increase in average selling prices for all products which is also resulting in higher share of profit from investments in associates and joint ventures, despite the increase in average prices of the feedstocks and lower sales volumes of certain products mainly due to plant turnaround maintenance as indicated in additional information. Additionally, there is decrease in general and administrative expenses and financial charges and increase in other income. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | Decrease in net profit is due to declining average selling prices of certain petrochemical products and increase in average feedstock prices resulting in lower share of profit from investments in associates and joint ventures despite increase in average selling price for certain Acrylics and Titanium Dioxide products. Additionally, there is decrease in general and administrative expenses and increase in other income |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Achieving the net profit is attributable to increase in average selling prices for all products which is also resulting in higher share of profit from investments in associates and joint ventures, despite the increase in average prices of the feedstocks, lower sales volumes of certain products mainly due to plant turnaround maintenance as indicated in additional information and increase in zakat and tax provisions. Additionally, there is decrease in general and administrative expenses and financial charges and increase in other income. Noting that an impairment of SR 222 million was recorded in 2020, mainly for non-current assets of a subsidiary "Advanced Metal Industries Cluster Company". |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain corresponding figures for the comparative periods have been restated in compliance with the applicable accounting standards. |
| Additional Information | One of the Group's joint ventures, Saudi Ethylene and Polyethylene Company "SEPC" had temporarily shutdown the plants for the scheduled periodic maintenance during Q2 2021. As published in Tadawul on April 14, 2021, the financial impact of shutdown based on the average prices will affect the interim consolidated financial statements for second and third quarter of 2021. |