Al-Babtain’s net profit falls 7% to SAR 80.3 mln in 2020

30/03/2021 Argaam Exclusive

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Share Price

Al-Babtain Power and Telecommunication Co.
41.35
(3.30) (7.39 %)

Al-Babtain Power and Telecommunication Co. (ALBABTAIN)

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Al-Babtain Power and Telecommunication Co. reported net profit after Zakat and tax of SAR 80.3 million in 2020, a decline of 6.6% from SAR 86 million in 2019, due to increase in operating expenses and estimated Zakat and income tax expenses.



Financials (M)

Item 2019 2020 Change‬
Revenues 1,348.57 1,387.13 2.9 %
Gross Income 187.32 202.56 8.1 %
Operating Income 92.25 99.06 7.4 %
Net Income 86.01 80.31 (6.6 %)
Average Shares 63.95 63.95 -
EPS (Riyals) 1.35 1.26 (6.6 %)

The company’s net profit after Zakat and tax rose 16% year-on-year (YoY) to SAR 28.3 million in Q4 2020.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 267.06 350.34 31.2 %
Gross Income 27.68 56.79 105.2 %
Operating Income 32.57 27.10 (16.8 %)
Net Income 24.40 28.26 15.8 %
Average Shares 63.95 63.95 -
EPS (Riyals) 0.38 0.44 15.8 %

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