Financial Results : Al-Babtain Q1 2021 profit rises 9% to SAR 15.5 mln

Al-Babtain Q1 2021 profit rises 9% to SAR 15.5 mln

23/05/2021 Argaam Exclusive

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Al-Babtain Power and Telecommunication Co. posted a net profit after Zakat and tax of SAR 15.5 million  in Q1 2021, a rise of 9%, compared with SAR 14.2 million in year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 389.63 322.04 (17.3 %)
Gross Income 44.82 43.30 (3.4 %)
Operating Income 18.78 17.40 (7.4 %)
Net Income 14.23 15.47 8.7 %
Average Shares 63.95 63.95 -
EPS (Riyals) 0.22 0.24 8.7 %

The company attributed the profit growth to lower cost of sales and a decline in marketing expenses, finance, Zakat and tax, in addition to higher other income.

Compared to the previous quarter, the profit fell by 45.2% in Q1 2021.

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