Basic Chemical Industries Co. — Interim / Quarterly Report 2016

Jan 18, 2017

Basic Chemical Industries Co.(BCI) announces the interim financial results for the period ending on 31-12-2016 (Twelve Months)

1210 · 18/01/2017 17:48:39 · Announcement #45173 · View on Saudi Exchange

Basic Chemical Industries Co.(BCI) announces the interim financial results for the period ending on 31-12-2016 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	14.6	20.2	-	6.6	121.21
Gross profit (loss)	41.1	45.7	-	28.8	42.71
Operational profit (loss)	23.4	31.5	-	10.7	118.69
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	42.9	34.5	24.35
Gross profit (loss)	143.8	141.4	1.7
Operational profit (loss)	72.3	67.5	7.11
Earning or loss per share, Riyals	1.56	1.26	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The reasons of decrease in net profit for quarter compared with same quarter last year is due to decrease in sales and decrease in gross profit which led to decrease in net profit
Reasons of increase (decrease) for period compared with same period last year	The reasons of increase in net profit for period compared with same period last year is due to decrease in cost of sales and decrease selling and distribution expenses and increase financial income
Reasons of increase (decrease) for quarter compared with previous quarter	The reasons of increase in net profit for quarter compared with previous quarter is due to increase in sales by percentage more than cost of sales and decrease selling and distribution expenses and decrease general and administrative expenses
Other notes	- The Total Sales reached during the current quarter SAR 137,685,864 compared to SAR 170,255,050 for the same quarter last year, a decrease of 19%. - The Total Sales reached during this period SAR 557,826,076 compared to SAR 625,131,277 for the same period last year, a decrease of 11%. - The total Shareholders' Equity (after exclusion of Minority Interests) reached during this period SAR 483,690,727 compared to SAR 468,286,103 for the same period last year, an increase of 3%. - The figures which has been used is from the year 2015 (audited)

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