Al-Babtain’s 2023 profit rises to SAR 141.5M; Q4 at SAR 43.2M

30/03/2024 Argaam Exclusive
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Al-Babtain Power and Telecommunication Co. reported a net profit rise to SAR 141.5 million in 2023, compared to SAR 52.6 million in 2022, on higher revenue as the company was awarded new projects while selling prices improved. Al-Babtain also cited increased operating profit.



Financials (M)

Item 2022 2023 Change‬
Revenues 2,197.06 2,490.49 13.4 %
Gross Income 268.60 397.34 47.9 %
Operating Income 137.26 316.00 130.2 %
Net Income 52.63 141.49 168.8 %
Average Shares 63.95 63.95 -
Earnings Per Share before unusual items 1.16 2.19 88.5 %
EPS (Riyals) 0.82 2.21 168.8 %

The fourth-quarter net earnings skyrocketed to SAR 43.3 million, compared to SAR 14.1 million in Q4 2022.

 

On a sequential basis, net profit slid 0.3% from SAR 43.37 million.

 


Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 686.77 550.64 (19.8 %)
Gross Income 124.67 127.68 2.4 %
Operating Income 83.03 108.35 30.5 %
Net Income 14.08 43.24 207.0 %
Average Shares 63.95 63.95 -
Earnings Per Share before unusual items 0.16 0.65 311.0 %
EPS (Riyals) 0.22 0.68 207.0 %

Shareholders’ equity, after minority interest, reached SAR 905 million as of Dec. 31, 2023, up from SAR 823.2 million in the prior-year period.

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Share Price

Al-Babtain Power and Telecommunication Co.
44.25
(1.75) (3.80 %)

Al-Babtain Power and Telecommunication Co. (ALBABTAIN)

1 Day (3.80 %) 5 Days (3.80 %) 3 Months 16.91 % 6 Months 6.12 % Year 8.86 % 2 Years 173.18 % 5 Years 235.26 % All 68.78 %
Created with Highstock 6.0.710:1010:2010:4010:5011:0011:1011:3011:4011:5012:1012:2012:3012:4012:5013:1013:2013:3013:4013:5014:0014:1014:2014:3014:4014:5015:1013.913.951414.0514.114.1514.214.2514.314.3514.414.45
Close : 14.32 | Apr 3, 15:16
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Financial Ratios
Current
Market Cap (M Riyal) 2,829.79
Enterprise Value (EV) (M) 3,659.61
Shares Outstanding ((M)) 63.95
EPS ( Riyal) (TTM) 4.16
Book Value (BV) ( Riyal) 16.76
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 12.98
P/E (TTM) 10.65
Price/book 2.64
Return on Average Assets (%) (TTM) 9.3
Return on Average Equity (%) (TTM) 13.3
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