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 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	437.57	267.06	(39.0 %)
Gross Income	62.64	27.68	(55.8 %)
Operating Income	29.31	32.57	11.1 %
Net Income	20.95	24.40	16.5 %
Average Shares	63.95	63.95	-
EPS (Riyals)	0.33	0.38	16.5 %

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