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 statements “BCI“ 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..

Appointments:

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