Baazeem reports SAR 20.6 mln profit in 2019

15/03/2020 Argaam Exclusive

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Baazeem Trading Co. reported a net profit after Zakat and tax of SAR 20.6 million for the fiscal year of 2019, a 0.8% year-on-year (YoY) increase from SAR 20.5 million in year-earlier period, the company said in a bourse statement.

Financials (M)

Item	2018	2019	Change‬
Revenues	302.41	260.26	(13.9 %)
Gross Income	124.40	83.46	(32.9 %)
Operating Income	27.56	27.81	0.9 %
Net Income	20.45	20.63	0.8 %
Average Shares	101.25	101.25	-
EPS (Riyals)	0.20	0.20	0.8 %

The profit rise was attributed to higher sales revenue.

Q4 2019 net earnings increased by 3% YoY to SAR 5.1 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	83.83	68.70	(18.0 %)
Gross Income	32.44	23.31	(28.1 %)
Operating Income	7.47	7.61	2.0 %
Net Income	4.99	5.14	3.1 %
Average Shares	101.25	101.25	-
EPS (Riyals)	0.05	0.05	3.1 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	60.16	68.70	14.2 %
Gross Income	17.56	23.31	32.7 %
Operating Income	4.59	7.61	66.0 %
Net Income	3.11	5.14	65.6 %
Average Shares	101.25	101.25	-
EPS (Riyals)	0.03	0.05	65.6 %

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