Basic Chemical Industries Co. — Interim / Quarterly Report 2015

Jul 22, 2015

Basic Chemical Industries Co. ( BCI ) announces the interim financial results for the period ending on 30-06-2015 (Six Months)

1210 · 22/07/2015 08:46:45 · Announcement #39288 · View on Saudi Exchange

Basic Chemical Industries Co. ( BCI ) announces the interim financial results for the period ending on 30-06-2015 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	7.3	7.2	1.39	2.8	160.71
Gross profit (loss)	36.8	39.2	-	31.3	17.57
Operational profit (loss)	14.6	16.1	-	10.7	36.45
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	10.1	16	-
Gross profit (loss)	68	78.5	-
Operational profit (loss)	25.3	34.2	-
Earning or loss per share, Riyals	0.37	0.58	-
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 in net profit for current quarter compared with same quarter last year due to increase in other income and decrease in General & Administration expenses.
Reasons of increase (decrease) for period compared with same period last year	Reasons of decrease In net profit for current period compared with same period last year due to decrease in Sales and increase in cost of sales.
Reasons of increase (decrease) for quarter compared with previous quarter	Reasons of increase in net profit for current quarter compared with previous quarter due to increase in Sales and same cost of sales.
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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