BCI Triples Nine-Month Profit to 38.36M SAR
Riyadh, Saudi Arabia — Basic Chemical Industries (BCI) posted a nine-month net profit of 38.36 million SAR, up 252% from 10.9 million SAR a year earlier. Higher sales across most segments, lower finance costs, and a one-time asset disposal gain drove the surge. Revenue for the nine months ended 30 September 2026 rose 10.1% to […] The post BCI Triples Nine-Month Profit to 38.36M SAR appeared first…
Riyadh, Saudi Arabia — Basic Chemical Industries (BCI) has reported a significant nine-month net profit surge to 38.36 million SAR, marking a 252% increase compared to the previous year's 10.9 million SAR. The rise is attributed to higher sales across various segments, lower finance costs, and a gain from the disposal of assets.
The company's revenue for the nine-month period, ending September 30, 2026, saw a 10.1% increase to 594.82 million SAR. Quarterly data shows that BCI earned 15.48 million SAR in Q3 2026, a 58% increase from 9.8 million SAR in Q3 2025, although the profit for the quarter declined by 12% from 17.6 million SAR in Q2 2026. Quarterly revenue rose by 12.9% year-on-year and 8.9% sequentially, reaching 214.96 million SAR, with a gross profit of 51.28 million SAR and operating profit up by 27.1% to 28.51 million SAR. The quarter-over-quarter profit decline can be attributed to a drop in non-operating income.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
