Al-Babtain posts 23% profit rise to SAR 86 mln in FY19

02/03/2020 Argaam Exclusive

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Al-Babtain Power and Telecommunication Co.’s net profit after zakat and tax jumped 23.4% year-on-year (YoY) to SAR 86 million for the fiscal year 2019, thanks to a 47.7% increase in sales, and a decline in administrative expenses.



Financials (M)

Item 2018 2019 Change‬
Revenues 913.22 1,348.57 47.7 %
Gross Income 161.13 187.32 16.3 %
Operating Income 61.03 92.25 51.2 %
Net Income 69.75 86.01 23.3 %
Average Shares 63.95 63.95 -
EPS (Riyals) 1.09 1.35 23.3 %

The fourth quarter net profit climbed 18% YoY to SAR 24.4 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 116.28 267.06 129.7 %
Gross Income 20.90 27.68 32.5 %
Operating Income 14.01 32.57 132.4 %
Net Income 20.74 24.40 17.6 %
Average Shares 63.95 63.95 -
EPS (Riyals) 0.32 0.38 17.6 %

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