Al-Babtain Power and Telecommunication Co. reported net profit after Zakat and tax of SAR 31 million in H1 2021, a decline of SAR 16%, from SAR 36.7 million in year-earlier period, driven by higher cost of sales.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 683.73 | 707.81 | 3.5 % |
| Gross Income | 99.11 | 90.42 | (8.8 %) |
| Operating Income | 49.25 | 40.92 | (16.9 %) |
| Net Income | 36.74 | 31.00 | (15.6 %) |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.57 | 0.48 | (15.6 %) |
Q2 2021 net profit dropped by 31% year-on-year (YoY) to SAR 15.5 million, due to higher cost of sales, and increased marketing and distribution expenses.
On a sequential basis, net profit increased by 0.4%.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 294.11 | 385.77 | 31.2 % |
| Gross Income | 54.28 | 47.12 | (13.2 %) |
| Operating Income | 30.47 | 23.53 | (22.8 %) |
| Net Income | 22.51 | 15.53 | (31.0 %) |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.35 | 0.24 | (31.0 %) |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 322.04 | 385.77 | 19.8 % |
| Gross Income | 43.30 | 47.12 | 8.8 % |
| Operating Income | 17.40 | 23.53 | 35.2 % |
| Net Income | 15.47 | 15.53 | 0.4 % |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.24 | 0.24 | 0.4 % |
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