BCI’s H1 net profit down 37% to SAR 10.1 mln

22/07/2015 Argaam Exclusive

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Basic Chemical Industries Co. (BCI)

Basic Chemical Industries Company (BCI), a manufacturer of Chlorine and Hydrochloric acid, reported a net profit of SAR 10.1 million for H1-2015, a 36.9 percent drop compared to the same period last year on lower sales and higher costs of sales.

Financials (M)

Item	6m 2014	6m 2015	Change‬
Revenues	329.96	317.61	(3.7 %)
Gross Income	77.10	68.03	(11.8 %)
Operating Income	34.23	25.26	(26.2 %)
Net Income	15.97	10.06	(37.0 %)
Average Shares	27.50	27.50	-
EPS (Riyals)	0.58	0.37	(37.0 %)

The company posted a net profit of SAR 7.3 million in Q2, a 160.7 percent higher compared to the previous quarter due to higher sales.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2014	Q2 2015	Change‬
Revenues	167.06	161.48	(3.3 %)
Gross Income	37.48	36.77	(1.9 %)
Operating Income	16.05	14.56	(9.3 %)
Net Income	7.21	7.30	1.2 %
Average Shares	27.50	27.50	-
EPS (Riyals)	0.26	0.27	1.2 %

Item	Q1 2015	Q2 2015	Change‬
Revenues	156.13	161.48	3.4 %
Gross Income	31.26	36.77	17.6 %
Operating Income	10.71	14.56	36.0 %
Net Income	2.76	7.30	164.4 %
Average Shares	27.50	27.50	-
EPS (Riyals)	0.10	0.27	164.4 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	-	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-	-
2006	352.25	9.5 %	99.41	3.6 %	36.67	2.6 %	1.33
Q1 2007	-	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-	-
2007	424.19	20.4 %	124.00	24.7 %	48.43	32.1 %	1.76
Q1 2008	116.73	-	31.24	-	6.92	-	0.25
Q2 2008	133.31	-	39.47	-	11.70	-	0.43
Q3 2008	126.40	-	33.73	-	10.81	-	0.39
Q4 2008	117.78	-	30.26	-	10.20	-	0.37
2008	494.22	16.5 %	134.70	8.6 %	39.63	(18.2 %)	1.44
Q1 2009	130.70	12.0 %	34.28	9.7 %	12.94	87.0 %	0.47
Q2 2009	135.57	1.7 %	41.77	5.8 %	16.08	37.4 %	0.58
Q3 2009	119.67	(5.3 %)	39.91	18.3 %	14.85	37.4 %	0.54
Q4 2009	122.80	4.3 %	38.43	27.0 %	18.78	84.1 %	0.68
2009	508.74	2.9 %	154.39	14.6 %	62.65	58.1 %	2.28
Q1 2010	135.39	3.6 %	40.33	17.6 %	15.92	23.0 %	0.58
Q2 2010	142.88	5.4 %	44.79	7.2 %	19.49	21.2 %	0.71
Q3 2010	129.63	8.3 %	38.82	(2.7 %)	15.29	2.9 %	0.56
Q4 2010	135.99	10.7 %	37.23	(3.1 %)	15.52	(17.4 %)	0.56
2010	543.89	6.9 %	161.17	4.4 %	66.22	5.7 %	2.41
Q1 2011	150.66	11.3 %	39.85	(1.2 %)	13.73	(13.7 %)	0.50
Q2 2011	176.40	23.5 %	52.00	16.1 %	19.92	2.2 %	0.72
Q3 2011	161.43	24.5 %	42.36	9.1 %	13.83	(9.5 %)	0.50
Q4 2011	154.24	13.4 %	40.09	7.7 %	11.83	(23.8 %)	0.43
2011	642.73	18.2 %	174.30	8.1 %	59.31	(10.4 %)	2.16
Q1 2012	179.36	19.0 %	46.75	17.3 %	17.58	28.0 %	0.64
Q2 2012	186.81	5.9 %	51.25	(1.5 %)	17.29	(13.2 %)	0.63
Q3 2012	160.72	(0.4 %)	43.18	1.9 %	14.69	6.2 %	0.53
Q4 2012	175.80	14.0 %	48.77	21.6 %	14.90	26.0 %	0.54
2012	702.69	9.3 %	189.95	9.0 %	64.45	8.7 %	2.34
Q1 2013	176.25	(1.7 %)	46.01	(1.6 %)	16.24	(7.6 %)	0.59
Q2 2013	194.65	4.2 %	49.73	(3.0 %)	18.16	5.0 %	0.66
Q3 2013	147.48	(8.2 %)	33.63	(22.1 %)	6.27	(57.3 %)	0.23
Q4 2013	140.56	(20.0 %)	31.71	(35.0 %)	3.67	(75.4 %)	0.13
2013	658.95	(6.2 %)	161.08	(15.2 %)	44.33	(31.2 %)	1.61
Q1 2014	162.90	(7.6 %)	39.23	(14.7 %)	8.76	(46.1 %)	0.32
Q2 2014	167.06	(14.2 %)	37.48	(24.6 %)	7.21	(60.3 %)	0.26
Q3 2014	151.12	2.5 %	28.61	(14.9 %)	1.21	(80.7 %)	0.04
Q4 2014	152.38	8.4 %	29.27	(7.7 %)	6.50	77.3 %	0.24
2014	633.46	(3.9 %)	134.98	(16.2 %)	23.91	(46.1 %)	0.87
Q1 2015	156.13	(4.2 %)	31.26	(20.3 %)	2.76	(68.5 %)	0.10
Q2 2015	161.48	(3.3 %)	36.77	(1.9 %)	7.30	1.2 %	0.27

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	321.77	453.3 %	95.92	312.1 %	35.74	121.8 %	1.30
2006	352.25	9.5 %	99.41	3.6 %	36.67	2.6 %	1.33
2007	424.19	20.4 %	124.00	24.7 %	48.43	32.1 %	1.76
2008	494.22	16.5 %	134.70	8.6 %	39.63	(18.2 %)	1.44
2009	508.74	2.9 %	154.39	14.6 %	62.65	58.1 %	2.28
2010	543.89	6.9 %	161.17	4.4 %	66.22	5.7 %	2.41
2011	642.73	18.2 %	174.30	8.1 %	59.31	(10.4 %)	2.16
2012	702.69	9.3 %	189.95	9.0 %	64.45	8.7 %	2.34
2013	658.95	(6.2 %)	161.08	(15.2 %)	44.33	(31.2 %)	1.61
2014	633.46	(3.9 %)	134.98	(16.2 %)	23.91	(46.1 %)	0.87

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	28.22 %	21.46 %	10.41 %
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	29.23 %	21.58 %	11.42 %
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	27.26 %	16.28 %	8.02 %
2008	27.26 %	18.49 %	8.02 %
Q1 2009	27.10 %	17.80 %	8.98 %
Q2 2009	27.43 %	19.32 %	9.80 %
Q3 2009	29.03 %	20.76 %	10.73 %
Q4 2009	30.35 %	21.49 %	12.31 %
2009	30.35 %	21.49 %	12.31 %
Q1 2010	31.25 %	22.05 %	12.78 %
Q2 2010	31.39 %	22.17 %	13.26 %
Q3 2010	30.59 %	21.46 %	13.09 %
Q4 2010	29.63 %	20.93 %	12.18 %
2010	29.63 %	20.93 %	12.18 %
Q1 2011	28.74 %	20.09 %	11.45 %
Q2 2011	28.33 %	20.04 %	10.88 %
Q3 2011	27.45 %	19.27 %	10.09 %
Q4 2011	27.12 %	18.56 %	9.23 %
2011	27.12 %	18.56 %	9.23 %
Q1 2012	26.99 %	18.81 %	9.41 %
Q2 2012	26.46 %	18.07 %	8.88 %
Q3 2012	26.61 %	18.18 %	9.01 %
Q4 2012	27.03 %	18.42 %	9.17 %
2012	27.03 %	18.42 %	9.17 %
Q1 2013	27.05 %	18.53 %	9.02 %
Q2 2013	26.53 %	17.99 %	9.04 %
Q3 2013	25.66 %	16.71 %	8.00 %
Q4 2013	24.45 %	15.66 %	6.73 %
2013	24.45 %	15.66 %	6.73 %
Q1 2014	23.90 %	14.46 %	5.71 %
Q2 2014	22.99 %	13.30 %	4.19 %
Q3 2014	22.04 %	12.49 %	3.35 %
Q4 2014	21.25 %	12.44 %	3.74 %
2014	21.31 %	12.24 %	3.78 %
Q1 2015	20.20 %	11.62 %	2.82 %
Q2 2015	20.27 %	11.80 %	2.86 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	29.81 %	20.61 %	11.11 %
2006	28.22 %	21.46 %	10.41 %
2007	29.23 %	21.58 %	11.42 %
2008	27.26 %	18.49 %	8.02 %
2009	30.35 %	21.49 %	12.31 %
2010	29.63 %	20.93 %	12.18 %
2011	27.12 %	18.56 %	9.23 %
2012	27.03 %	18.42 %	9.17 %
2013	24.45 %	15.66 %	6.73 %
2014	21.31 %	12.24 %	3.78 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	26.76 %	-	5.93 %
Q2 2008	29.61 %	16.24 %	8.78 %
Q3 2008	26.69 %	18.21 %	8.55 %
Q4 2008	25.69 %	18.28 %	8.66 %
Q1 2009	26.23 %	18.58 %	9.90 %
Q2 2009	30.81 %	21.97 %	11.86 %
Q3 2009	33.35 %	24.22 %	12.41 %
Q4 2009	31.29 %	21.40 %	15.29 %
Q1 2010	29.79 %	20.80 %	11.76 %
Q2 2010	31.35 %	22.40 %	13.64 %
Q3 2010	29.95 %	21.19 %	11.80 %
Q4 2010	27.38 %	19.28 %	11.41 %
Q1 2011	26.45 %	17.66 %	9.12 %
Q2 2011	29.48 %	21.80 %	11.29 %
Q3 2011	26.24 %	18.01 %	8.57 %
Q4 2011	25.99 %	16.31 %	7.67 %
Q1 2012	26.07 %	18.73 %	9.80 %
Q2 2012	27.43 %	18.95 %	9.25 %
Q3 2012	26.87 %	18.46 %	9.14 %
Q4 2012	27.74 %	17.51 %	8.48 %
Q1 2013	26.10 %	19.17 %	9.21 %
Q2 2013	25.55 %	16.97 %	9.33 %
Q3 2013	22.80 %	12.49 %	4.25 %
Q4 2013	22.56 %	12.78 %	2.61 %
Q1 2014	24.08 %	14.70 %	5.38 %
Q2 2014	22.44 %	13.09 %	4.32 %
Q3 2014	18.93 %	9.16 %	0.80 %
Q4 2014	19.21 %	12.54 %	4.26 %
Q1 2015	20.02 %	11.53 %	1.77 %
Q2 2015	22.77 %	13.84 %	4.52 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	-	-	-	-
Q2 2006	-	-	-	-
Q3 2006	-	-	-	-
Q4 2006	-	-	-	-
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
Q1 2008	27.50	-	-	-
Q2 2008	27.50	-	-	10.31
Q3 2008	27.50	-	-	10.70
Q4 2008	27.50	1.44	1.44	11.08
Q1 2009	27.50	1.66	1.66	11.55
Q2 2009	27.50	1.82	1.82	11.73
Q3 2009	27.50	1.97	1.97	12.27
Q4 2009	27.50	2.28	2.28	12.88
Q1 2010	27.50	2.39	2.39	13.46
Q2 2010	27.50	2.51	2.51	13.17
Q3 2010	27.50	2.53	2.53	13.73
Q4 2010	27.50	2.41	2.41	14.29
Q1 2011	27.50	2.33	2.33	14.79
Q2 2011	27.50	2.34	2.34	14.51
Q3 2011	27.50	2.29	2.29	15.02
Q4 2011	27.50	2.16	2.16	15.45
Q1 2012	27.50	2.30	2.30	16.09
Q2 2012	27.50	2.20	2.20	15.72
Q3 2012	27.50	2.23	2.23	16.25
Q4 2012	27.50	2.34	2.34	16.79
Q1 2013	27.50	2.30	2.30	17.38
Q2 2013	27.50	2.33	2.33	16.54
Q3 2013	27.50	2.02	2.02	16.77
Q4 2013	27.50	1.61	1.61	16.90
Q1 2014	27.50	1.34	1.34	17.22
Q2 2014	27.50	0.94	0.94	16.48
Q3 2014	27.50	0.76	0.76	16.53
Q4 2014	27.50	0.86	0.86	16.77
Q1 2015	27.50	0.64	0.64	16.87
Q2 2015	27.50	0.65	0.65	16.14

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	27.50	1.30	1.30	8.14
2006	27.50	1.33	1.33	9.47
2007	27.50	1.76	1.76	10.36
2008	27.50	1.44	1.44	11.08
2009	27.50	2.28	2.28	12.88
2010	27.50	2.41	2.41	14.29
2011	27.50	2.16	2.16	15.45
2012	27.50	2.34	2.34	16.79
2013	27.50	1.61	1.61	16.90
2014	27.50	0.87	0.87	16.77

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	6.63
Q3 2008	-	-	2.77
Q4 2008	13.21	13.21	1.72
Q1 2009	11.59	11.59	1.67
Q2 2009	16.53	16.53	2.56
Q3 2009	14.80	14.80	2.37
Q4 2009	13.26	13.26	2.34
Q1 2010	13.45	13.45	2.38
Q2 2010	11.31	11.31	2.16
Q3 2010	12.07	12.07	2.22
Q4 2010	11.63	11.63	1.96
Q1 2011	11.85	11.85	1.87
Q2 2011	11.52	11.52	1.86
Q3 2011	10.67	10.67	1.63
Q4 2011	12.84	12.84	1.79
Q1 2012	17.11	17.11	2.44
Q2 2012	12.50	12.50	1.75
Q3 2012	12.59	12.59	1.73
Q4 2012	11.44	11.44	1.60
Q1 2013	14.68	14.68	1.94
Q2 2013	13.62	13.62	1.92
Q3 2013	16.23	16.23	1.96
Q4 2013	20.53	20.53	1.96
Q1 2014	24.93	24.93	1.94
Q2 2014	43.62	43.62	2.49
Q3 2014	56.01	56.01	2.57
Q4 2014	34.49	34.50	1.77
Q1 2015	57.88	57.89	2.21
Q2 2015	52.90	52.91	2.12

Period	P/E	Adjusted P/E	Price/book
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	13.21	13.21	1.72
2009	13.26	13.26	2.34
2010	11.63	11.63	1.96
2011	12.84	12.84	1.79
2012	11.44	11.44	1.60
2013	20.53	20.53	1.96
2014	34.15	34.15	1.77

Business Segments (Million)

Compared With The

Period	Chemical Products	Adhesive materials	Maintenance Chemicals and laundries	Polyurethane Chemicals	Hydrochloric acid and caustic soda and chlorine gas	Others..
Q1 2009	-	-	27.26	24.51	26.88	8.53
Q2 2009	-	-	23.56	24.02	26.41	9.23
Q3 2009	-	-	19.21	18.05	23.37	9.40
Q4 2009	-	-	20.28	19.53	25.57	9.55
Q1 2010	-	-	25.79	19.75	23.16	11.98
Q2 2010	-	-	30.65	21.85	26.26	10.76
Q3 2010	-	-	22.05	22.34	26.49	9.93
Q4 2010	-	-	26.37	23.72	24.63	10.84
Q1 2011	-	-	29.67	29.91	21.25	7.58
Q2 2011	-	-	32.41	34.24	24.37	7.90
Q3 2011	-	-	27.30	28.42	21.33	8.67
Q4 2011	-	-	22.79	29.54	21.91	9.01
Q1 2012	-	-	32.07	34.99	25.32	9.97
Q3 2012	63.75	92.24	-	-	-	-
Q4 2012	88.34	87.46	-	-	-	-
Q1 2013	99.78	76.48	-	-	-	-
Q2 2013	105.08	89.57	-	-	-	-
Q3 2013	81.66	65.82	-	-	-	-
Q4 2013	79.74	60.82	-	-	-	-
Q1 2014	90.16	72.74	-	-	-	-
Q2 2014	100.23	66.83	-	-	-	-
Q3 2014	86.42	64.71	-	-	-	-
Q4 2014	85.63	66.75	-	-	-	-
Q1 2015	89.62	66.51	-	-	-	-
Q2 2015	96.48	64.99	-	-	-	-

Period	Chemical Products	Adhesive materials	Maintenance Chemicals and laundries	Polyurethane Chemicals	Hydrochloric acid and caustic soda and chlorine gas	Others..
2009	-	-	90.30	86.12	102.23	36.71
2010	-	-	104.85	87.65	100.55	43.51
2011	-	-	112.17	122.12	88.86	33.16
2012	356.95	345.75	-	-	-	-
2013	366.26	292.69	-	-	-	-
2014	362.44	271.02	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	833.25
Enterprise Value (EV) (M)	1,220.45
Shares Outstanding ((M))	27.50
EPS ( Riyal) (TTM)	0.35
Book Value (BV) ( Riyal)	21.55
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	More than 100
Price/book	1.41
Return on Average Assets (%) (TTM)	0.8
Return on Average Equity (%) (TTM)	1.6

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BCI’s H1 net profit down 37% to SAR 10.1 mln

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Share Price

Basic Chemical Industries Co. (BCI)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2015 Q2

Financial Ratios

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BCI’s H1 net profit down 37% to SAR 10.1 mln

View other reports

Share Price

Basic Chemical Industries Co. (BCI)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2015

Revenue by Business Segment (Latest) 2015 Q2

Financial Ratios

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