Basic Chemical Industries Co. — Earnings Release 2012

Jan 20, 2013

BASIC CHEMICAL INDUSTRIES COMPANY ( BCI ) ANNOUNCES ITS INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012 ( TWELVE MONTH )

1210 · 20/01/2013 08:38:08 · Announcement #28351 · View on Saudi Exchange

BASIC CHEMICAL INDUSTRIES COMPANY ( BCI ) ANNOUNCES ITS INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012 ( TWELVE MONTH )

Basic Chemical Industries Company (BCI) announces the interim financial results for the period ended at 31/12/2012:

1. Realized net profit of SR 16.3 Million for the fourth quarter 2012 compared to SR 11.1 Million for the same quarter last year with an increase of 46.8 % and compared to SR 14.7 Million for the previous quarter with an increase of 10.9 %.

2. Realized gross profit of SR 51.1 Million for the fourth quarter 2012 compared to SR 39.5 Million for the same quarter last year with an increase of 29.4 %.

3. Realized operating profit of SR 26.4 Million for the fourth quarter 2012 compared to SR 18.9 Million for the same quarter last year with an increase of 39.7 %.

4. Realized net profit of SR 66.9 Million for the twelve month period compared to SR 58.6 Million for the same period last year with an increase of 14.2 %.

5. The earnings per share for the twelve month period was SR 2.43 compared to SR 2.13 for the same period last year.

6. Realized gross profit of SR 192.3 Million for the twelve month period compared to SR 173.7 Million for the same period last year with an increase of 10.7 %.

7. Realized operating profit of SR 108.7 Million for the twelve month period compared to SR 97.5 Million for the same period last year with an increase of 11.5 %.

8. The increase in net profit in the fourth quarter 2012 compared to the same quarter last year is due to sales increase by 14 % for the fourth quarter this year compared to the same quarter of the previous year.

9. The increase in net profit in the twelve month period compared to the same period last year is due to sales increase in all sectors of the company this year by 9% compared to the previous year.

10. The increase in net profit in the fourth quarter 2012 compared to the previous quarter is due to sales increase in the fourth quarter as well as the increase in gross profit for the quarter compared to the third quarter this year.

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.