Baazeem net profit up 2% to SAR 13.7 mln in H1 2023; Q2 at SAR 4.7 mln

10/08/2023 Argaam Exclusive

View other reports

Baazeem Trading Co. posted a net profit of SAR 13.7 million in H1 2023, 2% up from SAR 13.4 million a year earlier on an increase of 1.43% in sales.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	132.89	134.79	1.4 %
Gross Income	49.68	51.66	4.0 %
Operating Income	15.36	15.88	3.4 %
Net Income	13.44	13.66	1.6 %
Average Shares	101.25	101.25	-
EPS (Riyals)	0.13	0.13	1.6 %

In Q2 2023, the company reported a 3.7% YoY profit jump to SAR 4.72 million from SAR 4.55 million in Q2 2022, driven by a 1.53% sales uptick and improved cost of goods sold.

Sequentially, net profit fell 47.2% from SAR 8.94 million in Q1 2023, attributed to growth in the first-quarter sales due to the Ramadan season.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	58.45	59.35	1.5 %
Gross Income	23.06	24.93	8.1 %
Operating Income	5.29	5.75	8.6 %
Net Income	4.55	4.72	3.7 %
Average Shares	101.25	101.25	-
EPS (Riyals)	0.04	0.05	3.7 %

Item	Q1 2023	Q2 2023	Change‬
Revenues	75.44	59.35	(21.3 %)
Gross Income	26.72	24.93	(6.7 %)
Operating Income	10.13	5.75	(43.2 %)
Net Income	8.94	4.72	(47.2 %)
Average Shares	101.25	101.25	-
EPS (Riyals)	0.09	0.05	(47.2 %)

Shareholders’ equity, no minority interest, stood at SAR 192.90 million as of June 30, 2023, compared to SAR 189.81 million a year earlier.

View More Financial Results

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.

×