Saudi Basic Industries Corp. — Interim / Quarterly Report 2013

Jul 21, 2013

Saudi Basic Industries Corp announces the interim financial results for the period ending on 30-06-2013 (Six Months)

2010 · 21/07/2013 08:50:53 · Announcement #31719 · View on Saudi Exchange

Saudi Basic Industries Corp announces the interim financial results for the period ending on 30-06-2013 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	6.04	5.3	13.96	6.56	-
Gross profit (loss)	13.05	12.52	4.23	14.02	-
Operational profit (loss)	9.97	9.45	5.5	11.05	-
All figures are in (Billions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	12.61	12.57	0.32
Gross profit (loss)	27.06	26.84	0.82
Operational profit (loss)	21.02	20.92	0.48
Earning or loss per share, Riyals	4.2	4.19	-
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 attriutable to decrease in cost of sales and financial charges, despite reduced revenues due to lower sales prices for certain products
Reasons of increase (decrease) for period compared with same period last year	The increase in net income is due to reduction in cost of sales and financial charges, despite reduced revenues due to lower sales volume and lower income from investment in associated companies
Reasons of increase (decrease) for quarter compared with previous quarter	The decrease in net income is mainly attributable to lower sales prices for certain products and reduced income from investment in associated companies
Reclassifications in quarterly financial results	Certain prior period figures have been re-classified to conform with the presentation in the current period

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