Basic Chemical Industries Co. — Earnings Release 2021

Mar 30, 2021

Basic Chemical Industries Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

1210 · 30/03/2021 15:39:04 · Announcement #62499 · View on Saudi Exchange

Basic Chemical Industries Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	500.24	534.56	-6.42
Gross Profit (Loss)	131.3	134.54	-2.408
Operational Profit (Loss)	67.52	69.2	-2.427
Net Profit (Loss) after Zakat and Tax	58.29	59.39	-1.852
Total Comprehensive Income	56.49	60.97	-7.347
Total Share Holders Equity (after Deducting Minority Equity)	559.75	550.19	1.737
Profit (Loss) per Share	1.4	1.5
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the decrease in gross, net and operating profit during the current year comparing to prior year and also the net profit after Zakat and income tax is due to the decrease of revenue as well as the decrease in other operating income.
Statement of the type of external auditor's report	Unmodified opinion
Reclassification of Comparison Items	Comparative figures have been reclassified to conform to current year figures
Additional Information	1- Sales for the current year reached 500.24 million compared to 534.56 million for the prior year, with a decrease of 6.42%.

2- The profit attributable to the shareholders’ of BCI Company for the current year reached 38.63 million compared to 41.22 million for the prior year, with a decrease of 6.28% (excluding non-controlling interests).

3- Total comprehensive income (excluding non-controlling interests) for the current year reached 37.06 million compared to 42.95 million for the prior year, with a decrease of 13.71% (excluding non-controlling interests).

4- . Shareholders' equity (excluding non-controlling interests) for the current year reached 559.75 million compared to 550.19 million for the prior year, an increase of 1.74%.

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