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Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 160.62118.5935.44166.68-3.63
Gross Profit (Loss) 40.3836.779.8243.85-7.91
Operational Profit (Loss) 20.8416.5226.1525.03-16.74
Net Profit (Loss) after Zakat and Tax 21.4115.0442.3524.35-12.07
Total Comprehensive Income 21.4115.0442.3524.35-12.07
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 327.3244.6933.76
Gross Profit (Loss) 84.2374.0813.7
Operational Profit (Loss) 45.8734.0934.55
Net Profit (Loss) after Zakat and Tax 45.7628.0763.02
Total Comprehensive Income 45.7628.0763.02
Total Share Holders Equity (after Deducting Minority Equity) 600.58576.34.21
Profit (Loss) per Share 1.110.56
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 is due to increase in Sales and in gross margin, plus 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 is due to decrease in Sales and less profit from fair value of derivative financial instruments comparing to prior quarter
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 is due to significant increase in Sales and decrease in Administrative expenses, plus profit from fair value of derivative financial instruments.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion NA
Reclassification of Comparison Items Comparative figures are reclassified to conform with the financial statements presentation.
Additional Information 1-Sales for the second quarter of this year reached 160M comparing to 118M for the same quarter last year, with an increase of 35.44%

2-Sales for six months of current year reached 327M comparing to 245M for the same period of prior year, with an increase of 33.76%

3- Total comprehensive income (excluding minority interests) for the second quarter of the current year reached 17.4 million compared to 7.4 million for the second quarter of prior year, an increase of 134.6%.

4- Total comprehensive income (excluding minority interests) for six months of current year reached 30 million compared to 16 million for prior year, an increase of 95.59%.

5- Shareholders' equity (excluding minority interests) at the end of second quarter of current year reached 600.58 million comparing to 570.15 million at the end of prior year, an increase of 5.34%.

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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