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Saudi Basic Industries Corp. — Earnings Release 2013
Jan 19, 2014
53286_rns_2014-01-19_4aac5f68-fe34-4449-aae2-820b0b160b49.html
Earnings Release
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Saudi Basic Industries Corp announces the interim financial results for the period ending on 31-12-2013 (Twelve Months)
2010 · 19/01/2014 09:20:15 · Announcement #32938 · View on Saudi Exchange
Saudi Basic Industries Corp announces the interim financial results for the period ending on 31-12-2013 (Twelve Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) | 6.16 | 5.83 | 5.66 | 6.47 | - |
| Gross profit (loss) | 13.82 | 13.66 | 1.17 | 14.43 | - |
| Operational profit (loss) | 10.3 | 10.25 | 0.49 | 11.27 | - |
| All figures are in (Billions) Saudi Arabia, Riyals |
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 25.23 | 24.78 | 1.82 |
| Gross profit (loss) | 55.31 | 53.39 | 3.6 |
| Operational profit (loss) | 42.59 | 41.03 | 3.8 |
| Earning or loss per share, Riyals | 8.41 | 8.26 | - |
| All figures are in (Billions) Saudi Arabia, Riyals |
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The increase in net income is due to lower cost of sales and financial charges |
| Reasons of increase (decrease) for period compared with same period last year | The increase in net income is due to lower cost of sales and financial charges despite lower other income |
| Reasons of increase (decrease) for quarter compared with previous quarter | The net income decreased due to lower production and sales volumes despite higher other income and lower financial charges |
| Reclassifications in quarterly financial results | Certain prior period figures have been re-classified to confirm with the presentation in the current period |
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.