Saudi Chemical Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Saudi Chemical Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

| Element List

|| Explanation

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| 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 decrease in net income was due to the decrease in the gross profit along with the increase in finance cost, beside other losses resulted from hedging impact against interest rates and foreign currency revaluation, despite the decrease in general expenses, along with zakat and tax provision.

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| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is

|| The decrease in net income was due to the decrease in the gross profit and the increase in account receivables provision, finance cost beside other losses resulted from hedging impact against interest rates, despite the decrease in general expenses, along with zakat and tax provision.

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| 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 reduction in net income compared with the same period last year mainly due to the decrease in gross profit and the increase in finance cost, beside other losses resulted from hedging