| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Despite an increase in the average selling prices of the Company’s products during the current quarter, revenues declined compared to the same quarter of the last year, primarily driven by lower sales volumes due to ongoing challenges in supply chains which led to the accumulation of unsold inventory which adversely affected total revenue. |
| 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 Company reported higher net loss for the current quarter compared to the net loss reported in the same quarter last year, despite the increase in the average selling prices of the Company’s products, primarily driven by lower sales volumes due to ongoing challenges in supply chains, which led to the accumulation of unsold inventory and increased in feedstock prices, i.e, Butane, Ethylene & Propane, which adversely affected the Company’s profit margins and financial results for the current quarter. Additionally, an increase in share of loss from investments in equity accounted investees compared to the same quarter of the last year primarily, due to plant turnround activities at one of associates. The Company also recognized an impairment on investment in an associate amounting to SR 328 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Despite an increase in the average selling prices of the Company’s products, revenues declined during the current quarter compared to previous quarter, primarily driven by lower sales volumes due to ongoing challenges in supply chains which led to the accumulation of unsold inventory, which adversely affected total revenue during the current quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Company reported higher net loss for the current quarter compared to the net loss reported in the previous quarter, despite an increase in the average selling prices of the Company’s products, primarily driven by lower sales volumes due to ongoing challenges in supply chains, which led to the accumulation of unsold inventory and increase in feedstock prices, i.e, Butane, Ethylene & Propane . which adversely affected the Company’s profit margins and financial results for the current quarter. Additionally, an increase in share of loss from investments in equity accounted investees during the current quarter driven by an impairment on investment in an associate amounting to SR 328 million, which adversely affected the Company’s financial results for the current quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Despite the slight increase in the average selling prices of the Company’s products, revenues declined during the current period compared to the same period of the previous year, primarily driven by lower sales volumes due to ongoing challenges in supply chains which led to the accumulation of unsold inventory which adversely affected total revenue. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The Company reported net loss for the current period compared to the profit for the same period last year, despite the slight increase in the average selling prices of the Company’s products, primarily driven by lower sales volumes due to ongoing challenges in supply chains, which led to the accumulation of unsold inventory and increase in feedstock prices, i.e, Ethylene & Propane, which adversely affected the Company’s profit margins and financial results for the current period. Additionally, an increase in share of loss from investments in equity accounted investees mainly due to plant turnround activities at one of associates along with an impairment on investment in an associate amounting to SR 328 million, which adversely affected the Company’s financial results for the current period. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | None |
| Additional Information | None |
