Basic Chemical Industries Co. — Interim / Quarterly Report 2020

Jun 15, 2020

Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

1210 · 15/06/2020 08:03:59 · Announcement #59342 · View on Saudi Exchange

Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	140.96	130.98	7.619	132.07	6.731
Gross Profit (Loss)	35.98	29.36	22.547	32.19	11.773
Operational Profit (Loss)	17.57	12.05	45.809	17.35	1.268
Net Profit (Loss) after Zakat and Tax	15.07	10.03	50.249	14.89	1.208
Total Comprehensive Income	15.07	10.03	50.249	16.47	-8.5
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	533.11	513.35	3.849
Profit (Loss) per Share	0.38	0.22
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	The increase in net profit, gross profit and operating profit for the current quarter compared to same quarter last year is attributable to increase in sales and decrease in general and administrative expenses.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The increase in net profit, gross profit and operating profit for the current quarter compared to prior quarter is attributable to increase in sales.
Basis of the External Auditor's Opinion	Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	No
Reclassification of Comparison Items	NO
Additional Information	1- Sales for the current quarter reached 140.96 million compared to 130.98 million for the same quarter last year, an increase of 7.62%.

2. Net profit and total comprehensive income (excluding non-controlling interests) for the current quarter reached 10.42 million compared to 6.12 million for the same quarter of the previous year, an increase of 70.26%

3. Net profit (excluding non-controlling interests) for the current quarter reached 10.42 million compared to 10.13 million for the prior quarter, an increase of 2.86%.

Total comprehensive income (excluding non-controlling interests) for the current quarter reached 10.42 million compared to 11.86 million for the prior quarter, a decrease of 12.14%.

4. Profit for share has been calculated based on net profit after Zakat and income tax (excluding minority interests).

5. Shareholders' equity (excluding minority interests) as of 31 March 2020 reached 533.11 million compared to 513.35 million as of 31 March 2019, an increase of 3.85%.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.