Basic Chemical Industries Co. — Earnings Release 2012

Feb 24, 2013

BASIC CHEMICAL INDUSTRIES Co. (BCI) ANNOUNCES THE ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED AT 31/12/2012

1210 · 24/02/2013 17:10:29 · Announcement #29170 · View on Saudi Exchange

BASIC CHEMICAL INDUSTRIES Co. (BCI) ANNOUNCES THE ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED AT 31/12/2012

Basic Chemical industries Co. (BCI) announces its annual financial results for the Year ended December 31, 2012:

1. The net income amounted to SR 64.5 million compared to SR 59.3 million previous year, an increase of 8.8 %.

2. The earnings per share amounted to SR 2.3 compared to SR 2.2 for the last year.

3. The gross profit amounted to SR 189.9 million compared to SR 174.3 million for last year, an increase of 9 %.

4. The income from operations amounted to SR 107.6 million compared to SR 97.8 million for last year, an increase of 10 %.

5. The reason for the rise in the current period compared to the corresponding period of the previous year to increase the value of sales by 9%, and improved results of its subsidiaries.

6. For comparative purposes, some figures of last year results were reclassified to conform to current year presentation.

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.