Baazeem Trading Co.’s net profit after zakat and tax grew by 8.5 percent year-on-year (YoY) to SAR 7 million for Q1 2019 due to higher sales, lower purchasing costs and diversified supplier base.
|Gross Income||28.69||34.66||20.8 %|
|Operating Income||7.50||8.35||11.3 %|
|Net Income||6.47||7.02||8.5 %|
|EPS (Riyal)||0.64||0.69||8.5 %|
The company posted net profit of SAR 1.9 million in Q4 2018.
The quarterly profit surge was driven by classification of the board of directors’ remuneration under general expenses in the fourth quarter of 2018.