Basic Chemical Industries Co. — Earnings Release 2015

Jan 19, 2016

Basic Chemical Industries Co. ( BCI ) announces the interim financial results for the period ending on 31-12-2015 (Twelve Months)

1210 · 19/01/2016 15:48:22 · Announcement #40840 · View on Saudi Exchange

Basic Chemical Industries Co. ( BCI ) announces the interim financial results for the period ending on 31-12-2015 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	20.2	6.5	210.77	2.3	778.26
Gross profit (loss)	45.7	29.8	53.36	27.8	64.39
Operational profit (loss)	31.5	12.8	146.09	11.1	183.78
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	32.6	23.9	36.4
Gross profit (loss)	141.6	135	4.89
Operational profit (loss)	67.9	53.3	27.39
Earning or loss per share, Riyals	1.18	0.87	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Reasons of increase for quarter compared with same quarter last year due to increase in Sales and decrease in Selling & Distribution Expenses.
Reasons of increase (decrease) for period compared with same period last year	Reasons of increase for period compared with same period last year due to decrease in cost of sales and decrease in General & Administration Expenses.
Reasons of increase (decrease) for quarter compared with previous quarter	Reasons of increase for quarter compared with previous quarter due to increase in Sales and decrease Cost of sales & the decrease in Operating expenses.

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.