Basic Chemical Industries Co. — Earnings Release 2013

Feb 24, 2014

Basic Chemical Industries Co ( BCI ) announces the annual financial results of the period ending on 31-12-2013

1210 · 24/02/2014 17:05:26 · Announcement #33449 · View on Saudi Exchange

Basic Chemical Industries Co ( BCI ) announces the annual financial results of the period ending on 31-12-2013

Element	Current year	Previous year	% Change
Net profit (loss)	44.3	64.5	-31.32
Earning or loss per share, Riyals	1.6	2.3	-
Gross profit (loss)	161.1	190.7	-15.52
Operational profit (loss)	80.7	108.2	-25.42

*All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	The decline in net profit due to lower sales and increased on cost of sales as well as the sales and marketing expenses not reduced and as a result of that the net profit decreased.
Reclassifications in annual financial results	Some previous figures have been re-classified to conform to the current year presentation.

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