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

Gross Profit (Loss)134.54154.79-13.082
Operational Profit (Loss)69.282.15-15.763
Net Profit (Loss) after Zakat and Tax59.3470.52-15.853
Total Comprehensive Income60.9766.67-8.549
Total Share Holders Equity (after Deducting Minority Equity)550.19507.248.467
Profit (Loss) per Share1.51.81
All figures are in (Millions) Saudi Arabia, Riyals
Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed toThe 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 OpinionUnmodified opinion
Reclassification of Comparison ItemsSome comparative figures were reclassified for presentation purposes.
Additional Information1 - 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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