Basic Chemical Industries Co. — Interim / Quarterly Report 2015

Oct 19, 2015

Basic Chemical Industries Co. announces the interim financial results for the period ending on 30-09-2015 (Nine Months)

1210 · 19/10/2015 16:18:21 · Announcement #39979 · View on Saudi Exchange

Basic Chemical Industries Co. announces the interim financial results for the period ending on 30-09-2015 (Nine Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	2.3	1.2	91.67	7.3	-
Gross profit (loss)	27.8	26.2	6.11	36.8	-
Operational profit (loss)	11.1	8.1	37.04	14.6	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	12	17.2	-
Gross profit (loss)	96	104.7	-
Operational profit (loss)	36	42.3	-
Earning or loss per share, Riyals	0.45	0.62	-
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 current quarter compared with same quarter last year due to an improvement in gross profit is due to lower cost of sales and the decrease in operating expenses.
Reasons of increase (decrease) for period compared with same period last year	Reasons of decrease for current quarter compared with same quarter last year due to a decrease in sales and an increase in cost of sales during the current period.
Reasons of increase (decrease) for quarter compared with previous quarter	Reasons of decrease for current quarter compared with last quarter due to a decrease in sales and an increase in cost of sales despite a decline in operating expenses.
Reclassifications in quarterly financial results	Certain amounts in the comparative 2014 interim consolidated financial statements have been reclassified to conform to 2015 presentation.

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