Al-Babtain 9M 2024 profit up to SAR 180.8M; Q3 at SAR 43.9M

07/11/2024 Argaam Exclusive

View other reports

Al-Babtain Power and Telecommunication Co. posted a net profit of SAR 180.8 million in the first nine months of 2024 from SAR 98.3 million in the year-ago period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	1,939.40	2,133.50	10.0 %
Gross Income	269.70	326.30	21.0 %
Operating Income	207.60	251.20	21.0 %
Net Income	98.25	180.80	84.0 %
Average Shares	63.95	63.95	-
EPS (Riyals)	1.54	2.83	84.0 %

The profit growth was driven by 10% higher sales on improved selling prices and sales volume, as well as a SAR 47.7 million capital gain from selling property investments.

In Q3 2024, the company's net profit rose 1.2% to SAR 43.9 million from SAR 43.37 million in Q3 2023.

Sequentially, net profit fell 19.2% from SAR 54.32 million in Q2 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	766.70	783.90	2.2 %
Gross Income	108.00	103.40	(4.3 %)
Operating Income	92.30	81.20	(12.0 %)
Net Income	43.37	43.90	1.2 %
Average Shares	63.95	63.95	-
EPS (Riyals)	0.68	0.69	1.2 %

Item	Q2 2024	Q3 2024	Change‬
Revenues	650.10	783.90	20.6 %
Gross Income	113.49	103.40	(8.9 %)
Operating Income	88.90	81.20	(8.7 %)
Net Income	54.32	43.90	(19.2 %)
Average Shares	63.95	63.95	-
EPS (Riyals)	0.85	0.69	(19.2 %)

Shareholders’ equity, after minority interest, stood at SAR 1.02 billion as of Sept. 30, 2024, up from SAR 921.6 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.

×