BCI H1 2022 profit jumps 98% to SAR 30.5 mln; Q2 up to SAR 13.1 mln

15/08/2022 Argaam Exclusive

View other reports

Share Price

Basic Chemical Industries Co.
32.95
(0.65) (1.93 %)

Basic Chemical Industries Co. (BCI)

More

Basic Chemical Industries Co. (BCI) reported a net profit after Zakat and tax of SAR 30.5 million for the first half of 2022, an increase of 98% from SAR 15.4 million in the same period a year earlier.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 244.69 327.30 33.8 %
Gross Income 74.08 80.88 9.2 %
Operating Income 33.99 43.78 28.8 %
Net Income 15.56 30.43 95.5 %
Average Shares 27.50 27.50 -
EPS (Riyals) 0.57 1.11 95.5 %

The profit jump followed a significant increase in sales and a decrease in administrative expenses, along with profit from fair value of derivative financial instruments.



Current Quarter Comparison (M)

Compared With The
Item Q2 2021 Q2 2022 Change‬
Revenues 118.60 160.62 35.4 %
Gross Income 36.77 37.03 0.7 %
Operating Income 16.33 19.92 22.0 %
Net Income 8.13 12.99 59.8 %
Average Shares 27.50 27.50 -
EPS (Riyals) 0.30 0.47 59.8 %

The net profit after Zakat and tax soared 64% year-on-year to SAR 13.1 million in Q2 2022.

 

When compared to the previous quarter, Q2 net profit fell 25% from SAR 17.4 million.

 

Shareholders’ equity, after minority interest, stood at SAR 600.58 million as of June 30, 2022 compared to SAR 570.15 million a year earlier.

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.