Financial Results : Baazeem posts 27% profit rise to SAR 26.3 mln in 2020

Baazeem posts 27% profit rise to SAR 26.3 mln in 2020

04/03/2021 Argaam Exclusive

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Baazeem Trading Co. reported a net profit after Zakat and tax of SAR 26.3 million for 2020, up 27%, from SAR 20.6 million in the year-earlier period.

 

The company attributed the profit rise to higher revenue, and lower general and administrative expenses and finance cost.



Financials (M)

Item 2019 2020 Change‬
Revenues 260.26 285.48 9.7 %
Gross Income 83.46 110.72 32.7 %
Operating Income 27.81 32.39 16.5 %
Net Income 20.63 26.27 27.3 %
Average Shares 101.25 101.25 -
Earnings Per Share before unusual items (Riyals) 0.20 0.26 27.3 %
EPS (Riyal) 0.20 0.26 27.3 %

The company’s Q4 2020 net profit after Zakat and tax increased by 14% year-on-year (YoY) to SAR 5.9 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 68.70 66.86 (2.7 %)
Gross Income 23.31 26.89 15.4 %
Operating Income 7.61 7.10 (6.7 %)
Net Income 5.14 5.88 14.4 %
Average Shares 101.25 101.25 -
Earnings Per Share before unusual items (Riyal) 0.05 0.06 14.4 %
EPS (Riyal) 0.05 0.06 14.4 %

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