Baazeem Trading net profit up 32% to SAR 20.4 mln in 9M 2020

04/11/2020 Argaam Exclusive

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Baazeem Trading Co.’s net profit after Zakat and tax rose 32% year-on-year (YoY) to SAR 20.4 million for the first nine months of 2020, driven by a 14.13% increase in sales revenue.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 191.56 218.62 14.1 %
Gross Income 60.15 83.83 39.4 %
Operating Income 20.20 25.29 25.2 %
Net Income 15.48 20.39 31.7 %
Average Shares 10.13 10.13 -
EPS (Riyals) 1.53 2.01 31.7 %

The third-quarter net profit after Zakat and tax jumped 58% YoY to SAR 4.9 million, backed by higher sales revenue and stronger demand.

 

On a sequential basis, Q3 2020 net profit dropped 25.7%.



Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 60.16 66.00 9.7 %
Gross Income 17.56 24.95 42.0 %
Operating Income 4.59 6.38 39.0 %
Net Income 3.11 4.89 57.5 %
Average Shares 10.13 10.13 -
EPS (Riyals) 0.31 0.48 57.5 %

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