Al-Babtain Power and Telecommunication Co. posted a net profit after Zakat and tax of SAR 15.5 million in Q1 2021, a rise of 9%, compared with SAR 14.2 million in year-earlier period.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 389.63 | 322.04 | (17.3 %) |
| Gross Income | 44.82 | 43.30 | (3.4 %) |
| Operating Income | 18.78 | 17.40 | (7.4 %) |
| Net Income | 14.23 | 15.47 | 8.7 % |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.22 | 0.24 | 8.7 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 350.34 | 322.04 | (8.1 %) |
| Gross Income | 56.79 | 43.30 | (23.7 %) |
| Operating Income | 27.10 | 17.40 | (35.8 %) |
| Net Income | 28.26 | 15.47 | (45.3 %) |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.44 | 0.24 | (45.3 %) |
The company attributed the profit growth to lower cost of sales and a decline in marketing expenses, finance, Zakat and tax, in addition to higher other income.
Compared to the previous quarter, the profit fell by 45.2% in Q1 2021.
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