Basic Chemical Industries Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

Element ListCurrent YearPrevious Year%ChangeSales/Revenue 534.56605.19-11.67 Gross Profit (Loss) 134.54154.79-13.082 Operational Profit (Loss) 69.282.15-15.763 Net Profit (Loss) after Zakat and Tax 59.3470.52-15.853 Total Comprehensive Income 60.9766.67-8.549 Total Share Holders Equity (after Deducting Minority Equity) 550.19507.248.467 Profit (Loss) per Share 1.51.81 All figures are in (Millions) Saudi Arabia, Riyals

Element ListExplanation
Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to The decrease in gross profit, net profit, operating profit and net profit after zakat and tax for the year compared to the prior year is due to the decrease in sales and in other operating income.
Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items Some comparative figures were reclassified for presentation purposes.
Additional Information 1 - This year's sales amounted to 534.56 million compared to 605.19 million for the previous year, a decrease of 11.67%.

2 - The profit for the year attributable to the shareholders of the company during the year amounted to 41.22 million compared to 49.67 million for the previous year and a decrease of 17.01% excluding non-controlling interests).

3. Total comprehensive income attributable to the shareholders of the Company during the current year reached 42.95 million compared to 46.05 million for the previous year and a decrease of 6.73% (excluding non-controlling interests).

4. Shareholders' equity (excluding non-controlling interests) for the year was 550.19million compared to 507.24million at the end of the previous year, an increase of 8.47%.

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