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Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 187.11 | 160.62 | 16.49 | 177.78 | 5.25 |
| Gross Profit (Loss) | 45.88 | 40.38 | 13.62 | 36.7 | 25.01 |
| Operational Profit (Loss) | 18.64 | 20.81 | -10.43 | 12.34 | 51.05 |
| Net Profit (Loss) after Zakat and Tax | 6.78 | 21.41 | -68.33 | 5.43 | 24.86 |
| Total Comprehensive Income | 6.78 | 21.41 | -68.33 | 5.43 | 24.86 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 364.9 | 327.3 | 11.49 |
| Gross Profit (Loss) | 82.58 | 84.23 | -1.96 |
| Operational Profit (Loss) | 30.98 | 45.8 | -32.36 |
| Net Profit (Loss) after Zakat and Tax | 12.22 | 45.76 | -73.3 |
| Total Comprehensive Income | 12.22 | 45.76 | -73.3 |
| Total Share Holders Equity (after Deducting Minority Equity) | 579.11 | 600.58 | -3.57 |
| Profit (Loss) per Share | -0.25 | 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 for the current quarter this year comparing to the same period of prior year is due to increase in Distribution, Administrative, and financing expenses, plus decrease in profit from fair value of derivative financial instruments. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The reason for the increase in net profit for the current quarter this year comparing to the prior quarter is the increase in sales, and a slight increase in selling prices. |
| 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 for the current period this year comparing to the same period last year is due to increase in transportation and fuel prices, increase in administrative and financing expenses, plus decrease in profit from fair value of derivative financial instruments. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | - |
| Additional Information | 1- Sales for the Second quarter this year reached 187M comparing to 161M for same period of last year, with an increase of 16.5%. 2-Sales for six months of current year reached 365M comparing to 327M for the same period of prior year, with an increase of 11.5%. 3-Total comprehensive loss (excluding minority interests) for the first quarter of this year reached 3 million compared to income 13 million during the same period for last year, with a decrease of 121.7%. 4-Total comprehensive loss (excluding minority interests) for six months of current year reached 6.8 million compared to income 30.4 million for prior year, with a decrease of 122.5%. 5- Shareholders' equity (excluding minority interests) for the first quarter this year reached 579.11 million compared to 613.46 million for the prior year end, with a decrease of 5.6%. |
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.
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