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Basic Chemical Industries Co. Earnings Release 2013

Jul 18, 2013

53263_rns_2013-07-18_e281532b-808f-4f83-9422-8156787bdb32.html

Earnings Release

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Basic Chemical Industries Co announces the interim financial results for the period ending on 30-06-2013 (Six Months)

1210 · 18/07/2013 15:51:16 · Announcement #31681 · View on Saudi Exchange

Basic Chemical Industries Co announces the interim financial results for the period ending on 30-06-2013 (Six Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 18.2 17.3 5.2 16.2 12.35
Gross profit (loss) 53.7 51.2 4.88 46.5 15.48
Operational profit (loss) 29.1 29.9 - 27.7 5.05
All figures are in (Millions) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) 34.4 34.9 -
Gross profit (loss) 99.8 98 1.84
Operational profit (loss) 56.9 58.1 -
Earning or loss per share, Riyals 1.25 1.27 -
All figures are in (Millions) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year Increase in sales by a ratio higher than costs
Reasons of increase (decrease) for period compared with same period last year Decrease of profit in first quarter of this year compared to same quarter of last year
Reasons of increase (decrease) for quarter compared with previous quarter Increase in sales by 10%
Reclassifications in quarterly financial results Some figures of the corresponding year period of the previous year (2012) are reclassifiied to facilitated comparisons with the current year 2013.

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.