Basic Chemical Industries Co. — Earnings Release 2011

Jul 19, 2011

BASIC CHEMICAL INDUSTRIES COMPANY (BCI) ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING 30/06/2011 (SIX MONTHS)

1210 · 19/07/2011 17:27:02 · Announcement #22393 · View on Saudi Exchange

BASIC CHEMICAL INDUSTRIES COMPANY (BCI) ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING 30/06/2011 (SIX MONTHS)

1)Realized Net Profits of SAR 19,915,509 for the 2nd Q2011 compared to Net Profits of SAR 19,500,444 for the 2nd Q2010 with increase of 2.1% and compared to Net Profit of SAR 13,733,677 for the previous quarter with increase of 45%.

2)Realized Gross Profits of SAR 52,004,236 for the 2nd Q2011 compared to Gross Profits of SAR 44,790,656 for the 2nd Q2010 with increase of 16.1%.

3)Realized Operating Profits SAR 33,083,156 for the 2nd Q2011 compared to Operating Profits of SAR 26,630,170 for the 2nd Q2010 with increase of 24.2%.

4)Realized Net Profit of SAR 33,649,186 for the 6 months period of 2011 compared to Net Profit of SAR 35,411,878 for the same period in 2010 with reduction of 5%.

5)The earning per share for the 6 months period of 2011 is SAR 1.22 compared to earning per share of SAR 1.29 for the same period in 2010.

6)Realized Total Profit of SAR 91,851,980 for the 6 months period in 2011 compared to Total Profit of SAR 85,117,431 for the same period in 2010 with increase of 8%.

7)Realized Operating Profit of SAR 54,316,450 for the 6 months period in 2011 compared to Operating Profit of SAR 49,431,597 for the same period in 2010 with increase of 10%.

8) The Profit in the second-quarter of this year rose due to increase in sales compared to the same period last year, However, comparative profit for the six months period of the year with previous year, is lower, due to slight increase in the cost of sales.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.