Basic Chemical Industries Co. — Interim / Quarterly Report 2016

Jul 27, 2016

Basic Chemical Industries Co. ( BCI ) announces the interim financial results for the period ending on 30-06-2016 (Six Months)

1210 · 27/07/2016 15:34:06 · Announcement #43347 · View on Saudi Exchange

Basic Chemical Industries Co. ( BCI ) announces the interim financial results for the period ending on 30-06-2016 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	11.6	7.3	58.9	10.1	14.85
Gross profit (loss)	40	36.8	8.7	33.9	17.99
Operational profit (loss)	19.1	14.6	30.82	19.1	0
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	21.7	10.1	114.85
Gross profit (loss)	73.9	68	8.68
Operational profit (loss)	38.2	25.3	50.99
Earning or loss per share, Riyals	0.79	0.37	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The reason for the increase in net profit in the current quarter compared with the net profit in same quarter of previous year is due to the increase in gross profit and decrease in operating expenses.
Reasons of increase (decrease) for period compared with same period last year	The reason for the increase in net profit in the current period compared with the net profit from same period of the previous year is due to the increase in gross profit and decrease in operating expenses.
Reasons of increase (decrease) for quarter compared with previous quarter	The reason for the increase in net profit for the current quarter compared with the net profit of the previous quarter is due to the increase in gross profit and decrease in zakat.

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