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Riyadh – Saudi Kayan Petrochemical Firm has posted an annual drop of 57.52% in internet income after Zakat and tax to SAR 209.38 million through the first quarter (Q1) of 2022, in comparison with SAR 492.90 million.
The Saudi listed agency generated SAR 3.13 billion in income throughout Q1-22, a surge of 16.94% from SAR 2.68 billion in Q1-21, in keeping with the interim monetary outcomes disclosed on Monday.
Earnings per share (EPS) stood at SAR 0.14 within the first three months (3M) of 2022, decrease than SAR 0.33 throughout the identical interval within the earlier yr.
On a quarterly foundation, the revenues in Q1-22 went down by 11.98 % from SAR 3.56 billion in This fall-21, whereas the online income fell by 53.73% from SAR 452.58 million.
Saudi Kayan turned worthwhile in 2021, reporting internet income after Zakat and tax price SAR 2.39 billion, versus internet losses of SAR 784.73 million a yr earlier.
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