Riyadh – Mubasher: The annual financial statements of Basic Chemical Industries “BCI” revealed that it achieved an increase in its net profits during 2021 by 12.76%, due to an increase in sales.
According to the company’s financial statements today, Wednesday, on “Saudi Tadawul”, the net profit after zakat and tax amounted to about 57.72 million riyals, compared to 51.2 million riyals for the corresponding period last year.
The company attributed the increase in total and net profit, operating profit and profit for the year after tax and zakat for the current year, compared to the revised previous year, to the increase in sales.
The company’s sales increased by 2.62% to reach 513.4 million riyals, compared to 500.24 million riyals in 2020.
And the total comprehensive income (after excluding minority interests) during the current fiscal year amounted to 54.9 million, compared to 45.1 million for the fiscal year of the previous adjusted year, with an increase of 21.8%, and shareholders’ equity (after excluding minority interests) at the end of the current fiscal year amounted to 570.15 million Compared to 538.55 million at the end of the fiscal year of the previous year, an increase of 5.87%.
During the first nine months of this year, the company recorded a decline of 13.3%, as its net profit amounted to about 39.15 million riyals, compared to 45.14 million riyals for the comparable period last year.
Recommendations:
The cost of sales decreased with BCI profits in the third quarter to 10.09 million riyals
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