BCI net profit up 9% to SAR 34.4 mln in 2021; Q4 at SAR 13 mln

30/03/2022 Argaam Exclusive

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Basic Chemical Industries Co. (BCI) reported a net profit after Zakat and tax of SAR 34.4 million for 2021, up 9% from SAR 31.5 million a year earlier.

 


Financials (M)

Item 2020 2021 Change‬
Revenues 500.24 513.38 2.6 %
Gross Income 131.30 143.76 9.5 %
Operating Income 57.37 74.33 29.6 %
Net Income 31.53 34.37 9.0 %
Average Shares 27.50 27.50 -
EPS (Riyals) 1.15 1.25 9.0 %

The company attributed the profit rise to higher sales. 

 

In Q4 2021, net profit after Zakat and tax surged to SAR 13 million, from SAR 1.08 million in the year-ago period.

 

When compared to the previous quarter, net profit more than doubled from SAR 4.81 million. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 112.99 146.38 29.6 %
Gross Income 28.35 39.10 37.9 %
Operating Income 6.61 28.53 331.7 %
Net Income 1.08 13.85 1177.3 %
Average Shares 27.50 27.50 -
EPS (Riyals) 0.04 0.50 1177.3 %

Shareholders’ equity, after minority interest, increased to SAR 570.15 million in 2021, from SAR 538.55 million a year earlier.

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