Baazeem Trading profit rises marginally to SAR 21.8 mln in 2022; Q4 at SAR 4.3 mln

15/03/2023 Argaam Exclusive

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Baazeem Trading Co. reported a slight rise in 2022 net profit to SAR 21.8 million, compared to SAR 21.6 million in 2021, thanks to a 1% increase year-on-year (YoY) in sales.



Financials (M)

Item 2021 2022 Change‬
Revenues 259.91 263.35 1.3 %
Gross Income 96.98 97.88 0.9 %
Operating Income 27.86 26.92 (3.4 %)
Net Income 21.55 21.78 1.0 %
Average Shares 10.13 10.13 -
EPS (Riyals) 2.13 2.15 1.0 %

In Q4 2022, net profit leapfrogged 60% YoY to SAR 4.3 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 61.18 67.25 9.9 %
Gross Income 22.01 25.74 16.9 %
Operating Income 5.72 6.19 8.3 %
Net Income 2.68 4.29 60.1 %
Average Shares 10.13 10.13 -
EPS (Riyals) 0.26 0.42 60.1 %

Compared to the previous quarter, net profit grew 6% from SAR 4.04 million.

 

Total shareholders’ equity, no minority interest, declined to SAR 190.38 million as of Dec. 31, 2022, from SAR 194.08 million a year earlier.

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