Basic Chemical Industries Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 741.11 | 674.67 | 9.85 | ||
| Gross Profit (Loss) | 167.96 | 172.91 | -2.86 | ||
| Operational Profit (Loss) | 73.59 | 94.99 | -22.53 | ||
| Net profit (Loss) | 43.98 | 70.4 | -37.53 | ||
| Total Comprehensive Income | 44.55 | 73.19 | -39.13 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 592.35 | 613.46 | -3.44 | ||
| Profit (Loss) per Share | 0.2 | 1.47 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | 1-Increase in sales of Basic Chemicals and Chlore Alkali amount 36M, this increase resulted from 31% increase in tonnage sold.
2-Increase in sales of polymer amount 15.7M, this increase resulted from 23% increase in tonnage sold.
3-Increase in sales of Adhesives amount 14.7M, this increase resulted from 3% increase in tonnage sold. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | A slight decrease in gross profit margin, increase in Distribution and financing expenses, despite the increase in gains from selling fixed assets. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | - |
| Reclassification of Comparison Items | - |
| Additional Information | 1- Sales for this year reached 741M comparing to 675M for last year, with an increase of 9.9%.
2- Total comprehensive income (excluding minority interests) for this year reached 6.4 million compared to 43.3 million during last year, with a decrease of 85.2%.
3- Shareholders' equity (excluding minority interests) for this year end reached 592.35 million compared to 613.46 million for the prior year end, with a decrease of 3.4%. |
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