Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 160.62 | 118.59 | 35.44 | 166.68 | -3.63 |
| Gross Profit (Loss) | 40.38 | 36.77 | 9.82 | 43.85 | -7.91 |
| Operational Profit (Loss) | 20.84 | 16.52 | 26.15 | 25.03 | -16.74 |
| Net Profit (Loss) after Zakat and Tax | 21.41 | 15.04 | 42.35 | 24.35 | -12.07 |
| Total Comprehensive Income | 21.41 | 15.04 | 42.35 | 24.35 | -12.07 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 327.3 | 244.69 | 33.76 |
| Gross Profit (Loss) | 84.23 | 74.08 | 13.7 |
| Operational Profit (Loss) | 45.87 | 34.09 | 34.55 |
| Net Profit (Loss) after Zakat and Tax | 45.76 | 28.07 | 63.02 |
| Total Comprehensive Income | 45.76 | 28.07 | 63.02 |
| Total Share Holders Equity (after Deducting Minority Equity) | 600.58 | 576.3 | 4.21 |
| Profit (Loss) per Share | 1.11 | 0.56 | |
| 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 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%. |
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