Basic Chemical Industries Co. — Interim / Quarterly Report 2012

Apr 18, 2012

BASIC CHEMICAL INDUSTRIES COMPANY ( BCI ) ANNOUNCES INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED MARCH 31, 2012 ( THREE MONTHS )

1210 · 18/04/2012 16:14:51 · Announcement #25352 · View on Saudi Exchange

BASIC CHEMICAL INDUSTRIES COMPANY ( BCI ) ANNOUNCES INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED MARCH 31, 2012 ( THREE MONTHS )

Basic Chemical Industries Company ( BCI ) announces Interim Financial Results for the period ended 31/03/2012 (three months)

I- Net profit for the first quarter is SR 17.5 million compared to SR 13.7 million for the corresponding quarter of the previous year, an increase of 27.7% and compared to SR 11.1 million for the previous quarter, an increase of 57.6%.

2-The gross profit for the first quarter is SR 46.7 million compared to SR 39.8 million for the corresponding quarter of previous year, an increase of 17.3%

3-The operating profit for the first quarter is SR 28.2 million compared to SR 21.2 million for the corresponding quarter of previous year, an increase of 33%

4-Earnings per share for the three months are SR 0.64 compared to SR 0.50 for the corresponding period last year.

5-The reason for the increase of the profits for the first quarter of this year in comparison with corresponding period of previous year and the previous quarter is the increase of sales as a result of growth in group entities products demand.

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