Basic Chemical Industries Co. announces its Annual financial results for the period ending on 2018-12-31
Total Profit (Loss)
Profit (Loss) Operational
Net Profit (Loss) after Zakat and Tax
Total Comprehensive Income
Total Share Holders Equity (after deducting minority equity)
Profit (Loss) per Share
All figures are in (Millions) Saudi Arabia, Riyals
Reason for increase (decrease) in net profit for current year compared to last year
The reason for the increase in net profit during the current year comparing to prior year and also the profit attributable to the shareholders’ of BCI company is due to the increase of sales revenue for some companies in the group as well as the decrease in Zakat and income tax for the year
Type of the external auditor's opinion
Reclassifications in annual financial results
Comparative figures have been reclassified to conform to current year figures.
1- Sales for the current year reached 605.19 million compared to 595.54 million for the prior year, with an increase of 1.62%.
2- The profit attributable to the shareholders’ of BCI Company for the current year reached 49.67 million compared to 43.77 million for the prior year, with an increase of 13.48% (excluding minority interests).
3- Total comprehensive income (excluding minority interests) for the current year reached 49.05 million compared to 41.78 million for the prior year, an increase of 10.22% (excluding minority interests).
4- . Shareholders' equity (excluding minority interests) for the current year reached 507.24 million compared to 488.69 million for the prior year, an increase of 3.80%.
The Capital Market Authority and the Saudi Stock 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.