Baazeem Trading Co.’s net profit after zakat and tax rose by 4.8 percent year-on-year (YoY) to SAR 12.4 million for H1 2019 due to higher sales, and rationalization of marketing and selling expenses.
|Gross Income||65.32||65.69||0.6 %|
|Operating Income||14.57||15.62||7.2 %|
|Net Income||11.81||12.38||4.8 %|
|EPS (Riyal)||1.17||1.22||4.8 %|
Net profit after zakat and tax in Q2 2019 was almost flat at SAR 5.35 million compared to net profit of SAR 5.34 million a year earlier. The marginal increase of 0.4 percent YoY came on rationalization of marketing and selling expenses.
Q2 2019 net profit dropped 23.6 percent compared to the previous quarter as Baazeem reclassified the board of directors’ remunerations under general and administrative expenses in the current quarter.