Basic Chemical Industries Co. — Interim / Quarterly Report 2016

Apr 20, 2016

Basic Chemical Industries Co. ( BCI ) announces the interim financial results for the period ending on 31-03-2016 (Three Months)

1210 · 20/04/2016 15:06:54 · Announcement #42247 · View on Saudi Exchange

Basic Chemical Industries Co. ( BCI ) announces the interim financial results for the period ending on 31-03-2016 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	10.1	2.8	260.71	20.2	-
Gross profit (loss)	33.9	31.3	8.31	45.7	-
Operational profit (loss)	19.1	10.7	78.5	31.5	-
Earning or loss per share, Riyals	0.37	0.1	-	-	-
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 quarter compared with same quarter last year are due to decrease in cost of sales by 3%, decrease in general and administration expenses and selling and distribution expenses.
Reasons of increase (decrease) for quarter compared with previous quarter	Reasons of decrease for quarter compared with previous quarter are due to decrease in sales and increase in cost of sales.

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