Financial Results : BCI turns to loss of SAR 4 mln in Q1 2023

BCI turns to loss of SAR 4 mln in Q1 2023

23/05/2023 Argaam Exclusive

View other reports

Basic Chemical Industries Co. (BCI) reported a net loss of SAR 4 million in Q1 2023, against a profit of SAR 17.4 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 166.68 177.78 6.7 %
Gross Income 43.85 36.70 (16.3 %)
Operating Income 23.86 11.22 (53.0 %)
Net Income 17.44 (4.04) (123.1 %)
Average Shares 27.50 27.50 -
EPS (Riyals) 0.63 (0.15) (123.1 %)

The loss is mainly attributable to higher cost of sales, along with a rise in distribution, general and administrative expenses. This is in addition to lower profit from fair value of derivative financial instruments, and higher financing cost.

 

Sequentially, the company narrowed its losses from SAR 7.8 million in Q4 2022.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 609.43 million as of March 31, 2023, compared to SAR 587.58 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.