Baazeem net profit down 5% to SAR 14.7 mln in H1 2021

12/08/2021 Argaam Exclusive

View other reports

Baazeem Trading Co. reported a net profit after Zakat and tax of SAR 14.7 million for the first half of 2021, down 5% from SAR 15.5 million in the year-earlier period.

The company attributed the lower profit to a decline of 8.87% year-on-year (YoY) in sales.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Revenues	152.62	139.21	(8.8 %)
Gross Income	48.87	54.27	11.0 %
Operating Income	18.92	17.32	(8.4 %)
Net Income	15.49	14.69	(5.2 %)
Average Shares	101.25	101.25	-
EPS (Riyals)	0.15	0.15	(5.2 %)

In Q2 2021, net profit after Zakat and tax fell by 25% YoY to SAR 4.9 million, hurt by a drop of 17.25% YoY in sales.

Baazeem’s net profit after Zakat and tax almost halved from SAR 9.8 million in Q1 2021.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Revenues	71.75	59.38	(17.2 %)
Gross Income	22.84	25.18	10.2 %
Operating Income	8.30	6.01	(27.5 %)
Net Income	6.59	4.91	(25.5 %)
Average Shares	101.25	101.25	-
EPS (Riyals)	0.07	0.05	(25.5 %)

Item	Q1 2021	Q2 2021	Change‬
Revenues	79.84	59.38	(25.6 %)
Gross Income	29.09	25.18	(13.4 %)
Operating Income	11.31	6.01	(46.8 %)
Net Income	9.78	4.91	(49.9 %)
Average Shares	101.25	101.25	-
EPS (Riyals)	0.10	0.05	(49.9 %)

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×