Basic Chemical Industries Co. — Interim / Quarterly Report 2021

Aug 19, 2021

Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

1210 · 19/08/2021 08:01:42 · Announcement #64618 · View on Saudi Exchange

Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	118.59	131.14	-9.569	126.1	-5.955
Gross Profit (Loss)	36.77	34.78	5.721	37.31	-1.447
Operational Profit (Loss)	16.52	17.67	-6.508	17.58	-6.029
Net Profit (Loss) after Zakat and Tax	14.64	15.32	-4.438	14.41	1.596
Total Comprehensive Income	14.64	15.32	-4.438	14.41	1.596
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	244.69	272.1	-10.073
Gross Profit (Loss)	74.08	70.76	4.691
Operational Profit (Loss)	34.09	35.25	-3.29
Net Profit (Loss) after Zakat and Tax	29.06	30.38	-4.344
Total Comprehensive Income	29.06	30.38	-4.344
Total Share Holders Equity (after Deducting Minority Equity)	576.3	559.75	2.956
Profit (Loss) per Share	0.6	0.77
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 decrease in sales and the decrease in other operating income and the increase in general and administrative 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 increase in net profit due to the decrease in Zakat and income tax 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 decrease in sales and the decrease in other operating income and the increase in general and administrative expenses
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Comparative figures are reclassified to conform with the financial statements presentation
Additional Information	1- Sales for the current quarter reached 118.59 million compared to 131.14 million for the comparative quarter last year, a decrease of 9.57%.

2- Sales for the current period reached 224.69 million compared to 272.10 million for the comparative period last year, a decrease of 10.07%.

3- Total comprehensive income for the current quarter reached 14.64 million compared to 15.32 million for the comparative quarter of the prior year, a decrease of 4.38% and compared to 14.41 million for the last quarter an increase of 1.63%.

4- Total comprehensive income for the current period reached 29.06 million compared to 38.38 million for the comparative period of the prior year, a decrease of 4.37%.

5- Shareholders' equity (excluding minority interests) for the current period reached 576.30 million compared to 559.75 million at the end of the previous year, an increase of 2.96%.

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