Earnings Report /
Saudi Arabia

Kayan: Strong sales partially offset by high feedstock cost

  • Revenues stood at SAR3.43bn, up 63.1% yoy (+15.5% qoq)

  • Gross profit came in at SAR976mn, up 313% yoy (-6.2% qoq), and was higher than our estimate of SAR855mn

  • Operating profit stood at SAR783mn, higher than our estimates of SAR712mn

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
25 October 2021
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