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00:00 So, the positive prospects for the profits of the previous quarter of this year, supported by many details, will be reflected on the public's eyes and where this share is heading.
00:10 This company is also the latest development of the previous Saudi company, distributing cash profits for the second half of 2023, we are talking about 1.6 billion for the share of 4.8 billion.
00:21 These distributions may give a sign of the company's performance. Also, among the news related to this company is the development of the petrochemicals complex in China this time.
00:31 We are talking about a previous share of 51% of this complex, the cost of which reaches 6.4 billion dollars.
00:38 All of this adds more to the global development of this company.
00:43 The increase in the prices of the petrochemicals by Aramco, we have all followed this news and its effects, which have become limited to a large extent.
00:51 Therefore, the financial impact of this company was 1.7% of the total sales cost, as of the first quarter of 2024.
00:58 But this will not leave a great impact, according to the expectations, in the results of the company's business and the future.
01:05 In general, the expected profits of the previous Saudi company, a previous share in the Saudi market, the profits are repeated, we are talking about 61 times.
01:14 Since the beginning of 2024, we have noticed a recovery in this share of about 5%.
01:21 When we talk about quarterly revenues, the change was negative.
01:24 In the fourth quarter of 2022, we are talking about 43 billion Riyals. In the fourth quarter of 2023, the revenues declined to 35 billion Riyals and 400 million Riyals, 18% change, negative compared to the previous quarter.
01:41 However, the positive expectations regarding the net quarterly profits between 2022 and the fourth quarter of this year are expected to increase by 105%.
01:54 We are all waiting for the results to determine the extent of their application to this reality and these numbers.
02:00 In the fourth quarter of 2022, the net quarterly profits were 290 million Riyals.
02:08 The expected net quarterly profits in this fourth quarter are 596 million Riyals.
02:14 No doubt that these expectations are built on many details that may speak to the reality to a large extent.
02:21 Tomorrow we will have a brief look at the performance of this company and the compliance of these expectations with the reality.
02:28 The expected net quarterly profits for SABI are 27% negative compared to the previous quarter.
02:38 In the first quarter of 2022, we were talking about 198 billion Riyals.
02:42 In the second quarter of 2023, we are talking about 145 billion Riyals.
02:46 The net net quarterly profits are expected to increase by 86% in the fourth quarter of this year.
03:01 We expect net net profits to be 2.3 billion Riyals in the year 2023 in total compared to 16.5 billion Riyals in the year 2022.
03:14 In the year 2023, many changes have been made in terms of petrochemicals, oil and refuels in the world and geopolitical conflicts that have affected the scene in its entirety.
03:24 These are the expectations in this context.
03:32 Eruera Rerekura, Te Karere.