Friday, April 12, 2024

Sales fell 4.44% in the second quarter on the back of BCI profits


Riyadh – Mubasher: The Basic Chemical Industries Company has released its initial financial statementsBCI Its net profit fell 4.44% year-on-year in the second quarter of 2021, while rising 1.65% on a quarterly basis.%

The company reported a net profit of 14.64 million riyals for the quarter, compared to 15.32 million riyals in the previous year..

The company reported a decline in net profit for the current quarter compared to the same quarter last year, a decline in sales, an increase in public and administrative costs and a decrease in other operating income..

According to the company’s financial statements, sales fell 9.6% to 118.6 million riyals in the second quarter of 2021, from 131.14 million riyals in the corresponding quarter last year..

For the first half of this year, the company’s profit fell 4.34% to 29.06 million riyals from 30.38 million riyals in the same period last year..

The company recorded a decline in its net profit In the first quarter Since 2021, net profit after tax, 4.4% year-on-year, has been approximately 14.41 million riyals, up from 15.07 million riyals in the corresponding quarter of 2020..


BCI profits fell 4.4% in the first quarter of 2021

BCI: The cost of the chlorine production project has risen to 720 million riyals

BCI signs deed to purchase 49% of Union Chlorine in the United Arab Emirates

See also  Toyota recalls electric cars within two months of launch
Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:


More like this

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...

Defend Against DDoS Attacks with Qrator Labs’ Anti-DDoS Solutions

Protecting your online assets from DDoS (Distributed Denial of...

UAE Powering Gaming Boom in the Middle East

The gaming industry in the Middle East is experiencing...

iGym and the Youth Gym Culture in Dubai

In the dynamic city of Dubai, a new trend...