Saudi Basic Industries Corp. — Interim / Quarterly Report 2014

Apr 20, 2014

Saudi Basic Industries Corp announces the interim financial results for the period ending on 31-03-2014 (Three Months)

2010 · 20/04/2014 08:11:18 · Announcement #34252 · View on Saudi Exchange

Saudi Basic Industries Corp announces the interim financial results for the period ending on 31-03-2014 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	6.44	6.56	-	6.16	4.55
Gross profit (loss)	14.13	14.02	0.78	13.82	2.24
Operational profit (loss)	10.87	11.05	-	10.3	5.53
Earning or loss per share, Riyals	2.15	2.19	-	-	-
All figures are in (Billions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The decrease in net income is attributable to lower sales prices for certain products and higher selling and administrative expenses, noting higher production and sales volumes
Reasons of increase (decrease) for quarter compared with previous quarter	The increase in net income is attributable to higher sales prices for certain products and lower selling and administrative expenses, despite lower other income
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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