Baazeem posts 27% profit rise to SAR 26.3 mln in 2020

04/03/2021 Argaam Exclusive

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Baazeem Trading Co. reported a net profit after Zakat and tax of SAR 26.3 million for 2020, up 27%, from SAR 20.6 million in the year-earlier period.

The company attributed the profit rise to higher revenue, and lower general and administrative expenses and finance cost.

Financials (M)

Item	2019	2020	Change‬
Revenues	260.26	285.48	9.7 %
Gross Income	83.46	110.72	32.7 %
Operating Income	27.81	32.39	16.5 %
Net Income	20.63	26.27	27.3 %
Average Shares	101.25	101.25	-
EPS (Riyals)	0.20	0.26	27.3 %

The company’s Q4 2020 net profit after Zakat and tax increased by 14% year-on-year (YoY) to SAR 5.9 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	68.70	66.86	(2.7 %)
Gross Income	23.31	26.89	15.4 %
Operating Income	7.61	7.10	(6.7 %)
Net Income	5.14	5.88	14.4 %
Average Shares	101.25	101.25	-
EPS (Riyals)	0.05	0.06	14.4 %

Item	Q3 2020	Q4 2020	Change‬
Revenues	66.00	66.86	1.3 %
Gross Income	24.95	26.89	7.8 %
Operating Income	6.38	7.10	11.3 %
Net Income	4.89	5.88	20.2 %
Average Shares	101.25	101.25	-
EPS (Riyals)	0.05	0.06	20.2 %

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