Al-Babtain Power and Telecommunication Co. reported an 18% jump in 2022 net profit to SAR 60.4 million, from SAR 51 million in 2021.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 1,502.12 | 2,197.06 | 46.3 % |
| Gross Income | 194.79 | 268.60 | 37.9 % |
| Operating Income | 94.17 | 137.26 | 45.8 % |
| Net Income | 51.03 | 52.63 | 3.1 % |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.80 | 0.82 | 3.1 % |
The fourth-quarter net profit more than doubled to SAR 21.9 million, from SAR 7.3 million in Q4 2021.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 452.54 | 686.77 | 51.8 % |
| Gross Income | 64.69 | 124.67 | 92.7 % |
| Operating Income | 38.51 | 83.03 | 115.6 % |
| Net Income | 7.38 | 14.08 | 90.9 % |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.12 | 0.22 | 90.9 % |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 740.17 | 686.77 | (7.2 %) |
| Gross Income | 60.39 | 124.67 | 106.4 % |
| Operating Income | 32.65 | 83.03 | 154.3 % |
| Net Income | 18.39 | 14.08 | (23.4 %) |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.29 | 0.22 | (23.4 %) |
Net profit increased by 18.8% from SAR 18.3 million in Q3 2022.
Shareholders’ equity, excluding minority interest, rose to SAR 851.1 million as of Dec. 31, 2022, from SAR 835.2 million a year earlier.
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