Abdulaziz and Mansour Ibrahim AlBabtain Co. (AlBabtain Food) reported a net profit increase of 33% to SAR 4 million in the first half of 2024, compared to SAR 3 million in H1 2023.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 65.16 | 90.90 | 39.5 % |
| Net Income | 3.00 | 4.00 | 33.3 % |
| Average Shares | 3.40 | 3.40 | - |
| EPS (Riyals) | 0.88 | 1.18 | 33.3 % |
The profit increase was fueled by a 39.4% increase in sales, due to the diversity of the company's products and the increase in customers.
Shareholders’ equity, no minority interest, increased to SAR 66.2 million as of June 30, 2024, from SAR 60.9 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
55.10 |
5.78 |
1.70 |
|
H2 2021 |
72.64 |
10.09 |
2.97 |
|
H1 2022 |
62.69 |
5.66 |
1.67 |
|
H2 2022 |
64.20 |
8.73 |
2.57 |
|
H1 2023 |
65.16 |
3.04 |
0.89 |
|
H2 2023 |
79.15 |
2.76 |
0.81 |
|
H1 2024 |
90.9 |
4.0 |
1.19 |
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