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Basic Chemical Industries Co. — Interim / Quarterly Report 2013
Oct 28, 2013
53263_rns_2013-10-28_200ff5d4-2140-40de-89dd-dfcd5e656127.html
Interim / Quarterly Report
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Basic Chemical Industries Co ( BCI ) announces the interim financial results for the period ending on 30-09-2013 (Nine Months)
1210 · 28/10/2013 16:04:51 · Announcement #32292 · View on Saudi Exchange
Basic Chemical Industries Co ( BCI ) announces the interim financial results for the period ending on 30-09-2013 (Nine Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) | 6.3 | 14.7 | - | 18.2 | - |
| Gross profit (loss) | 36.1 | 43.2 | - | 53.7 | - |
| Operational profit (loss) | 14 | 24.2 | - | 29.1 | - |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 40.7 | 49.5 | - |
| Gross profit (loss) | 136 | 141.2 | - |
| Operational profit (loss) | 70.8 | 82.3 | - |
| Earning or loss per share, Riyals | 1.48 | 1.8 | - |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Sales declined by 8% for the quarter as well as higher expenses due to an increase on salaries and related benefits and manpower cost. |
| Reasons of increase (decrease) for period compared with same period last year | Decline in total sales and an increase in the cost of sales also increase on salaries and related benefits and manpower cost. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Sales declined by 21% for the quarter and increase on the cost of sales by 4% from the normal trend. |
| Reclassifications in quarterly financial results | Reclassifications were made in comparative numbers to conform to the current period presentation |
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.