Basic Chemical Industries Co. — Interim / Quarterly Report 2014

Jan 20, 2015

Basic Chemical Industries Co ( BCI ) announces the interim financial results for the period ending on 31-12-2014 (Twelve Months)

1210 · 20/01/2015 15:50:14 · Announcement #36796 · View on Saudi Exchange

Basic Chemical Industries Co ( BCI ) announces the interim financial results for the period ending on 31-12-2014 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	6.5	3.7	75.68	1.2	441.67
Gross profit (loss)	29.8	32.3	-	28.6	4.2
Operational profit (loss)	12.8	10.2	25.49	8.1	58.02
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	23.7	44.3	-
Gross profit (loss)	135.5	161.1	-
Operational profit (loss)	55.1	80.7	-
Earning or loss per share, Riyals	0.86	1.61	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The reasons for the increase in the current quarter compared with the same quarter of the previous year are lower general and administrative expenses and increase on the other income
Reasons of increase (decrease) for period compared with same period last year	The reasons for the decline during the current period compared with the corresponding period of the previous year are increase in cost of sales, with percentage higher than the increase in sales.
Reasons of increase (decrease) for quarter compared with previous quarter	The reason for the increase in the current quarter compared with the previous quarter of this year to the increase of income from operation resulting from a decrease in general and administrative expenses.

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