Basic Chemical Industries Co. — Interim / Quarterly Report 2021

Nov 7, 2021

Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

1210 · 07/11/2021 08:05:18 · Announcement #65478 · View on Saudi Exchange

Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	122.31	115.16	6.208	118.59	3.136
Gross Profit (Loss)	30.59	32.19	-4.97	36.77	-16.807
Operational Profit (Loss)	12.31	16.97	-27.46	16.52	-25.484
Net Profit (Loss) after Zakat and Tax	10.09	14.76	-31.639	14.64	-31.079
Total Comprehensive Income	10.09	14.76	-31.639	14.64	-31.079
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	367	387.26	-5.231
Gross Profit (Loss)	104.67	102.95	1.67
Operational Profit (Loss)	46.4	52.22	-11.145
Net Profit (Loss) after Zakat and Tax	39.15	45.14	-13.269
Total Comprehensive Income	39.15	45.14	-13.269
Total Share Holders Equity (after Deducting Minority Equity)	581.11	553.13	5.058
Profit (Loss) per Share	0.78	1.11
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for the (decrease) in net profit is due to the increase in cost of sales and in general and administrative expenses and in selling and marketing expenses
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the (decrease) in net profit is due to the increase in cost of sales and in selling and marketing expenses.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the (decrease) in net profit is due to the increase in general and administrative expenses.
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	NA
Reclassification of Comparison Items	Comparative figures are reclassified to conform with the financial statements presentation.
Additional Information	1- Sales for the current quarter amounted to 122.31 million compared to 115.16 million for the same quarter in the previous year, an increase of 6.21%

2- Sales of the current period for nine months amounted to 367 million compared to 387.26 million for the same period of the previous year, a decrease of 5.23%.

3- Total comprehensive income (after excluding minority interests) during the current quarter amounted to 4.81 million, compared to 9.36 million for the same quarter of the previous year, with a decrease of 48.61%, and compared to 7.74 million for the previous quarter, with a decrease of 37.86%.

Also, the total comprehensive income during the current period (After excluding minority interests) amounted to 21.36 million compared to 30.44 million for the same period of the previous year, a decrease of 29.83%.

4- Shareholders' equity (after excluding minority interests) for the current period amounted to 581.11 million compared to 553.13 million for the same period of the previous year, an increase of 5.06%.

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