Basic Chemical Industries Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue141.39143.26-1.305130.128.661
Gross Profit (Loss)38.8637.533.54334.1213.892
Operational Profit (Loss)22.3217.5227.39717.4827.688
Net Profit (Loss) after Zakat and Tax15.299.2964.5859.6957.791
Total Comprehensive Income15.299.2964.5859.6957.791
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue402.49448.41-10.24
Gross Profit (Loss)102.35120.28-14.906
Operational Profit (Loss)51.8567.38-23.048
Net Profit (Loss) after Zakat and Tax31.0938.3-18.825
Total Comprehensive Income31.0938.3-18.825
Total Share Holders Equity (after Deducting Minority Equity)538.33499.497.775
Profit (Loss) per Share1.131.39
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed toThe reason for the increase in gross profit is due to the decrease in cost of sales and The reason for the increase in operating profit and in net profit is due to decrease in general and administrative expenses.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed toThe reason for the increase in gross profit is due to the increase in sales and The reason for the increase in operating profit and in net profit is due to the decrease in selling and distribution expenses.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed toThe reason for the decrease in gross profit, operating profit and in net profit is due to the decrease in sales, in finance income and in other operating income.
Basis of the External Auditor's OpinionUnmodified opinion
Reclassification of Comparison Itemscomparative figures have been reclassified for

presentation purposes for current period.

Additional Information1- Sales for the current quarter reached 141.39 million compared to 143.26 million for the comparative quarter last year, a decrease of 1.31%.

2- Sales for the current period reached 402.49 million compared to 448.41 million for the comparative period last year, a decrease of 10.24%.

3- Total comprehensive income (excluding minority interests) for the current quarter reached 15.29 million compared to 9.29 million for the comparative quarter of the prior year, an increase of 57.79% (excluding minority interests).

4- Total comprehensive income (excluding minority interests) for the current period reached 31.19 million compared to 38.30 million for the comparative period of the prior year, a decrease of 18.83% (excluding minority interests).

5- Shareholders' equity (excluding minority interests) for the current period reached 538.33 million compared to 507.24 million at the end of the previous year, an increase of 6.13%.

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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