AlBabtain Food profit falls 9% to SAR 14.4 mln in 2022

28/03/2023 Argaam Exclusive

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Abdulaziz and Mansour Ibrahim Albabtin Co.
44.00
0.00 0.00 %

Abdulaziz and Mansour Ibrahim Albabtin Co. (ALBABTAIN FOOD)

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Abdulaziz and Mansour Ibrahim Albabtin Co. (AlBabtain Food)  reported a net profit of SAR 14.4 million in 2022, a decline of 9.4% from SAR 15.9 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 127.74 126.89 (0.7 %)
Gross Income 41.43 36.77 (11.2 %)
Operating Income 16.47 10.10 (38.7 %)
Net Income 15.87 14.39 (9.4 %)
Average Shares 3.40 3.40 -
EPS (Riyals) 4.67 4.23 (9.4 %)

This was due to an increase in operating expenses, as well as finance, Zakat and income taxes expenses.



Total shareholders' equity, no minority interest, reached SAR 59.5 million at the end of 2022, compared with SAR 48.1 million a year earlier.

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