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.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 302.41 | 260.26 | (13.9 %) |
| Gross Income | 124.40 | 83.46 | (32.9 %) |
| Operating Income | 27.56 | 27.82 | 0.9 % |
| Net Income | 20.45 | 20.63 | 0.8 % |
| Average Shares | 10.13 | 10.13 | - |
| EPS (Riyals) | 2.02 | 2.04 | 0.8 % |
The profit rise was attributed to higher sales revenue.
Q4 2019 net earnings increased by 3% YoY to SAR 5.1 million.
| 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 | 10.13 | 10.13 | - |
| EPS (Riyals) | 0.49 | 0.51 | 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 | 10.13 | 10.13 | - |
| EPS (Riyals) | 0.31 | 0.51 | 65.6 % |
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