Basic Chemical Industries Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue143.26144.18-0.638151.39-5.37
Total Profit (Loss)37.5336.084.01839.92-5.986
Profit (Loss) Operational17.5218.81-6.85822.9-23.493
Net Profit (Loss) after Zakat and Tax9.298.2612.46913-28.538
Total Comprehensive Income9.298.2612.46913-28.538
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue448.41422.076.24
Total Profit (Loss)120.28108.7110.642
Profit (Loss) Operational67.3855.5221.361
Net Profit (Loss) after Zakat and Tax38.326.743.445
Total Comprehensive Income38.326.743.445
Total Share Holders Equity (after deducting minority equity)499.49473.625.462
Profit (Loss) per Share1.390.97
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous yearThe reason for the increase in gross profit is due to the decrease in cost of goods sold.

The decrease in operating profit is due to increase in administrative and general expenses represented in increase in allowance for doubtful accounts for some customers.

The increase in net profit after Zakat and income tax is due to the decrease in cost of goods sold and increase in other operating income.

Reason for increase (decrease) in net profit for current quarter compared to the previous quarterThe decrease in net profit, gross profit and operating profit for the current quarter is attributable to decrease in sales, increase in general and administrative expenses and increase in selling and distribution expenses.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous yearThe reason for the increase in gross profit, operating profit and net profit for the current period is due to increase in sales and decrease in selling and distribution expenses and increase in other operating income.
Type of the external auditor's opinionUnmodified opinion
Additional Information1- Sales for the current quarter reached 143.26 million compared to 144.18 million for the comparative quarter last year, a decrease of 0.64%.

2 - Sales for the current period for nine months amounted to 448.41 million compared to 422.07 million for the comparative period of the previous year, an increase of 6.24%.

3. Total comprehensive income (excluding minority interests) for the current quarter reached 9.29 million compared to 8.26 million for the comparative quarter of the previous year, an increase of 12.47%, compared to 13 million for the previous quarter a decrease of 28.54%. The current period is 38.3 million compared to 26.7 million for the comparative period of the previous year and an increase of 43.58% .

4. Shareholders' equity (excluding minority interests) for the current period reached 499.49 million compared to 473.62 million for the comparative period of the previous year, an increase of 5.46%.

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.


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