Al-Babtain Power and Telecommunication Co. reported a net profit after Zakat and tax of SAR 51 million for 2021, a drop of 37% from SAR 80.3 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 1,387.13 | 1,502.12 | 8.3 % |
| Gross Income | 202.56 | 194.79 | (3.8 %) |
| Operating Income | 99.06 | 94.17 | (4.9 %) |
| Net Income | 80.31 | 51.03 | (36.5 %) |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 1.26 | 0.80 | (36.5 %) |
The decline was driven by higher raw material prices, which led to an increase of operating expenses.
The company’s Q4 2021 net profit after Zakat and tax fell 74% year-on-year (YoY) to SAR 7.4 million.
On a sequential basis, net profit declined 41.7% from SAR 12.65 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 350.34 | 452.54 | 29.2 % |
| Gross Income | 56.79 | 64.69 | 13.9 % |
| Operating Income | 27.10 | 38.51 | 42.1 % |
| Net Income | 28.26 | 7.38 | (73.9 %) |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.44 | 0.12 | (73.9 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 341.77 | 452.54 | 32.4 % |
| Gross Income | 39.67 | 64.69 | 63.0 % |
| Operating Income | 14.73 | 38.51 | 161.4 % |
| Net Income | 12.65 | 7.38 | (41.7 %) |
| Average Shares | 63.95 | 63.95 | - |
| EPS (Riyals) | 0.20 | 0.12 | (41.7 %) |
Total shareholders’ equity, after minority interest, rose 7.6% to SAR 835.2 million as of Dec. 31, 2021, from SAR 776.5 million a year earlier.
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