Al-Babtain earns SAR 136.9M in H1 2024, SAR 54.3M in Q2

Al-Babtain earns SAR 136.9M in H1 2024, SAR 54.3M in Q2

08/08/2024 Argaam Exclusive

View other reports

Al-Babtain Power and Telecommunication Co. posted a net profit of SAR 136.9 million in H1 2024, up from SAR 54.9 million in the year-ago period.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 1,172.70 1,349.65 15.1 %
Gross Income 161.65 222.87 37.9 %
Operating Income 91.94 148.73 61.8 %
Net Income 54.88 136.93 149.5 %
Average Shares 63.95 63.95 -
EPS (Riyals) 0.86 2.14 149.5 %

The profit growth was driven by 15% higher sales on improved selling prices and sales volume, as well as a SAR 47.7 million capital gain from selling property investments.

 

In Q2 2024, the company's net profit leapt 33% to SAR 54.3 million from SAR 40.6 million in Q2 2023, mainly due to 15% higher sales and a SAR 47.7 million capital gain from selling property investments.

 

Sequentially, net profit fell 34.3% from SAR 82.60 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q2 2023 Q2 2024 Change‬
Revenues 533.59 650.10 21.8 %
Gross Income 97.01 113.49 17.0 %
Operating Income 59.66 88.90 49.0 %
Net Income 40.68 54.32 33.5 %
Average Shares 63.95 63.95 -
EPS (Riyals) 0.64 0.85 33.5 %

Shareholders’ equity, after minority interest, stood at SAR 980.3 million as of June 30, 2024, up from SAR 849 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 385.18 31.1 % 86.81 39.8 % 31.49 25.1 %
Q2 2015 394.27 27.2 % 85.39 17.8 % 65.58 56.2 %
Q3 2015 366.20 24.1 % 77.38 12.3 % 41.80 (12.8 %)
Q4 2015 394.00 17.4 % 105.00 8.7 % 51.28 (29.2 %)
Q1 2016 338.75 (12.1 %) 89.20 2.8 % 49.80 58.1 %
Q2 2016 339.31 (13.9 %) 95.92 12.3 % 43.62 (33.5 %)
Q3 2016 246.69 (32.6 %) 68.15 (11.9 %) 37.18 (11.1 %)
Q4 2016 324.03 (17.8 %) 70.35 (33.0 %) 42.88 (16.4 %)
Q1 2017 290.06 (14.4 %) 76.04 (14.8 %) 39.47 (20.7 %)
Q2 2017 340.37 0.3 % 79.77 (16.8 %) 43.23 (0.9 %)
Q3 2017 329.55 33.6 % 76.71 12.6 % 41.13 10.6 %
Q4 2017 315.92 (2.5 %) 51.72 (26.5 %) 18.34 (57.2 %)
Q1 2018 284.46 (1.9 %) 61.28 (19.4 %) 28.89 (26.8 %)
Q2 2018 243.43 (28.5 %) 42.51 (46.7 %) 2.67 (93.8 %)
Q3 2018 269.05 (18.4 %) 36.44 (52.5 %) 15.45 (62.4 %)
Q4 2018 116.28 (63.2 %) 20.90 (59.6 %) 14.01 (23.6 %)
Q1 2019 285.94 0.5 % 39.50 (35.5 %) 6.32 (78.1 %)
Q2 2019 358.00 47.1 % 57.50 35.3 % 24.05 800.5 %
Q3 2019 437.57 62.6 % 62.64 71.9 % 29.31 89.7 %
Q4 2019 267.06 129.7 % 27.68 32.5 % 32.57 132.4 %
Q1 2020 389.63 36.3 % 44.82 13.5 % 18.78 197.0 %
Q2 2020 294.11 (17.8 %) 54.28 (5.6 %) 30.47 26.7 %
Q3 2020 353.06 (19.3 %) 46.67 (25.5 %) 22.71 (22.5 %)
Q4 2020 350.34 31.2 % 56.79 105.2 % 27.10 (16.8 %)
Q1 2021 322.04 (17.3 %) 43.30 (3.4 %) 17.40 (7.4 %)
Q2 2021 385.77 31.2 % 47.12 (13.2 %) 23.53 (22.8 %)
Q3 2021 341.77 (3.2 %) 39.67 (15.0 %) 14.73 (35.1 %)
Q4 2021 452.54 29.2 % 64.69 13.9 % 38.51 42.1 %
Q1 2022 411.52 27.8 % 37.12 (14.3 %) 11.75 (32.5 %)
Q2 2022 358.61 (7.0 %) 46.42 (1.5 %) 9.83 (58.2 %)
Q3 2022 740.17 116.6 % 60.39 52.2 % 32.65 121.6 %
Q4 2022 686.77 51.8 % 124.67 92.7 % 83.03 115.6 %
Q1 2023 639.11 55.3 % 64.64 74.1 % 32.28 174.8 %
Q2 2023 533.59 48.8 % 97.01 109.0 % 59.66 506.7 %
Q3 2023 766.70 3.6 % 108.00 78.8 % 92.30 182.7 %
Q4 2023 563.04 (18.0 %) 139.58 12.0 % 110.99 33.7 %
Q1 2024 699.55 9.5 % 109.39 69.2 % 70.88 119.6 %
Q2 2024 650.10 21.8 % 113.49 17.0 % 88.90 49.0 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2015 26.28 18.6 % 0.41 - 26.28 0.41
Q2 2015 39.57 1.5 % 0.62 - 39.57 0.62
Q3 2015 32.46 117.5 % 0.51 - 32.46 0.51
Q4 2015 38.41 26.7 % 0.60 (14.07) 52.48 0.82
Q1 2016 39.69 51.0 % 0.62 - 39.69 0.62
Q2 2016 39.91 0.9 % 0.62 - 39.91 0.62
Q3 2016 34.61 6.6 % 0.54 - 34.61 0.54
Q4 2016 40.71 6.0 % 0.64 - 40.71 0.64
Q1 2017 39.08 (1.5 %) 0.61 - 39.08 0.61
Q2 2017 41.24 3.3 % 0.64 - 41.24 0.64
Q3 2017 29.97 (13.4 %) 0.47 - 29.97 0.47
Q4 2017 36.88 (9.4 %) 0.58 - 36.88 0.58
Q1 2018 19.36 (50.5 %) 0.30 - 19.36 0.30
Q2 2018 20.49 (50.3 %) 0.32 - 20.49 0.32
Q3 2018 9.15 (69.5 %) 0.14 5.96 3.19 0.05
Q4 2018 20.74 (43.8 %) 0.32 8.89 11.85 0.19
Q1 2019 19.82 2.4 % 0.31 14.54 5.29 0.08
Q2 2019 20.84 1.7 % 0.33 2.73 18.11 0.28
Q3 2019 20.95 128.9 % 0.33 2.19 18.76 0.29
Q4 2019 24.40 17.6 % 0.38 (2.19) 26.59 0.42
Q1 2020 14.23 (28.2 %) 0.22 1.50 12.72 0.20
Q2 2020 22.51 8.0 % 0.35 - 22.51 0.35
Q3 2020 15.31 (26.9 %) 0.24 - 15.31 0.24
Q4 2020 28.26 15.8 % 0.44 5.78 22.48 0.35
Q1 2021 15.47 8.7 % 0.24 - 15.47 0.24
Q2 2021 15.53 (31.0 %) 0.24 - 15.53 0.24
Q3 2021 12.65 (17.4 %) 0.20 - 12.65 0.20
Q4 2021 7.38 (73.9 %) 0.12 - 7.38 0.12
Q1 2022 8.73 (43.6 %) 0.14 - 8.73 0.14
Q2 2022 11.43 (26.4 %) 0.18 3.75 7.68 0.12
Q3 2022 18.39 45.3 % 0.29 - 18.39 0.29
Q4 2022 14.08 90.9 % 0.22 (25.35) 10.14 0.16
Q1 2023 14.20 62.7 % 0.22 - 14.20 0.22
Q2 2023 40.68 255.9 % 0.64 - 40.68 0.64
Q3 2023 43.37 135.9 % 0.68 (4.62) 47.99 0.75
Q4 2023 43.24 207.0 % 0.68 (36.36) 79.60 1.24
Q1 2024 82.60 481.8 % 1.29 47.74 34.86 0.55
Q2 2024 54.32 33.5 % 0.85 - 54.32 0.85

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 24.51 % 22.20 % 8.34 %
Q2 2015 23.95 % 22.74 % 7.88 %
Q3 2015 23.37 % 21.37 % 8.68 %
Q4 2015 23.03 % 16.96 % 9.79 %
Q1 2016 23.91 % 17.66 % 11.00 %
Q2 2016 25.55 % 16.67 % 11.44 %
Q3 2016 27.17 % 17.95 % 12.64 %
Q4 2016 25.92 % 17.66 % 12.41 %
Q1 2017 25.87 % 18.52 % 12.86 %
Q2 2017 24.50 % 17.09 % 12.96 %
Q3 2017 23.59 % 16.11 % 11.76 %
Q4 2017 22.28 % 13.82 % 11.53 %
Q1 2018 21.21 % 11.61 % 10.03 %
Q2 2018 19.79 % 10.40 % 9.09 %
Q3 2018 17.25 % 8.46 % 7.18 %
Q4 2018 17.64 % 9.29 % 6.01 %
Q1 2019 15.23 % 7.34 % 4.46 %
Q2 2019 14.99 % 8.16 % 3.73 %
Q3 2019 15.07 % 8.20 % 4.51 %
Q4 2019 13.89 % 8.57 % 5.10 %
Q1 2020 13.26 % 8.38 % 5.25 %
Q2 2020 13.64 % 9.56 % 5.80 %
Q3 2020 13.30 % 9.60 % 5.92 %
Q4 2020 14.60 % 9.47 % 5.26 %
Q1 2021 15.24 % 9.91 % 5.74 %
Q2 2021 13.74 % 8.87 % 4.87 %
Q3 2021 13.35 % 8.51 % 4.72 %
Q4 2021 12.97 % 8.43 % 3.40 %
Q1 2022 11.85 % 7.65 % 2.78 %
Q2 2022 12.01 % 6.87 % 2.33 %
Q3 2022 10.63 % 6.41 % 2.15 %
Q4 2022 12.23 % 7.78 % 2.05 %
Q1 2023 12.21 % 7.89 % 2.08 %
Q2 2023 13.34 % 9.27 % 3.21 %
Q3 2023 15.01 % 11.46 % 4.30 %
Q4 2023 16.35 % 13.20 % 7.29 %
Q1 2024 17.71 % 14.42 % 7.93 %
Q2 2024 17.56 % 14.88 % 8.09 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2015 63.95 1.73 1.73 10.31
Q2 2015 63.95 1.74 1.74 10.62
Q3 2015 63.95 2.01 2.01 11.30
Q4 2015 63.95 2.14 2.36 10.95
Q1 2016 63.95 2.35 2.57 10.97
Q2 2016 63.95 2.35 2.57 11.59
Q3 2016 63.95 2.39 2.61 12.14
Q4 2016 63.95 2.42 2.42 11.59
Q1 2017 63.95 2.41 2.41 12.08
Q2 2017 63.95 2.43 2.43 11.93
Q3 2017 63.95 2.36 2.36 11.77
Q4 2017 63.95 2.30 2.30 12.46
Q1 2018 63.95 1.99 1.99 12.39
Q2 2018 63.95 1.67 1.67 12.38
Q3 2018 63.95 1.34 1.25 12.54
Q4 2018 63.95 1.09 0.86 11.88
Q1 2019 63.95 1.10 0.64 12.24
Q2 2019 63.95 1.10 0.60 12.62
Q3 2019 63.95 1.29 0.84 13.00
Q4 2019 63.95 1.35 1.08 12.49
Q1 2020 63.95 1.26 1.19 12.71
Q2 2020 63.95 1.28 1.26 12.54
Q3 2020 63.95 1.20 1.21 12.79
Q4 2020 63.95 1.26 1.14 12.14
Q1 2021 63.95 1.28 1.18 11.68
Q2 2021 63.95 1.17 1.08 11.77
Q3 2021 63.95 1.12 1.03 12.09
Q4 2021 63.95 0.80 0.80 13.06
Q1 2022 63.95 0.69 0.69 13.13
Q2 2022 63.95 0.63 0.57 13.06
Q3 2022 63.95 0.72 0.66 13.15
Q4 2022 63.95 0.82 0.70 12.87
Q1 2023 63.95 0.91 0.79 12.82
Q2 2023 63.95 1.37 1.30 12.84
Q3 2023 63.95 1.76 1.77 14.41
Q4 2023 63.95 2.21 2.85 14.15
Q1 2024 63.95 3.28 3.18 15.44
Q2 2024 63.95 3.50 3.39 15.34

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 16.47 16.47 2.76
Q2 2015 18.27 18.27 2.99
Q3 2015 11.47 11.47 2.04
Q4 2015 9.58 8.68 1.87
Q1 2016 6.91 6.32 1.48
Q2 2016 7.91 7.23 1.61
Q3 2016 5.78 5.29 1.14
Q4 2016 6.97 6.97 1.46
Q1 2017 8.41 8.41 1.68
Q2 2017 7.32 7.32 1.49
Q3 2017 8.02 8.02 1.61
Q4 2017 7.76 7.76 1.43
Q1 2018 8.98 8.98 1.44
Q2 2018 10.47 10.47 1.41
Q3 2018 10.88 11.69 1.17
Q4 2018 12.10 15.38 1.11
Q1 2019 14.09 24.23 1.26
Q2 2019 13.23 24.29 1.16
Q3 2019 13.02 19.85 1.29
Q4 2019 13.38 16.74 1.44
Q1 2020 10.34 10.91 1.02
Q2 2020 11.61 11.83 1.19
Q3 2020 15.97 15.83 1.49
Q4 2020 16.80 18.48 1.74
Q1 2021 17.30 18.62 1.89
Q2 2021 23.07 25.01 2.29
Q3 2021 23.03 25.04 2.14
Q4 2021 26.31 26.31 1.61
Q1 2022 27.62 27.62 1.46
Q2 2022 24.19 26.67 1.16
Q3 2022 20.81 22.66 1.14
Q4 2022 16.98 19.88 1.09
Q1 2023 17.17 19.79 1.22
Q2 2023 14.23 14.90 1.51
Q3 2023 11.21 11.15 1.37
Q4 2023 12.43 9.64 1.94
Q1 2024 12.22 12.62 2.60
Q2 2024 11.17 11.52 2.55

Business Segments (Million)

Compared With The
Period Towers and metal structures sector Lampposts and lighting sector Design, supply and installation sector The main center Solar energy sector
Q1 2015 112.21 180.39 92.58 - -
Q2 2015 131.19 166.56 96.52 - -
Q3 2015 132.12 145.50 88.58 - -
Q4 2015 129.32 162.59 114.28 - -
Q1 2016 92.81 159.81 86.13 - -
Q2 2016 65.66 183.67 89.98 - -
Q3 2016 28.67 141.09 76.94 - -
Q4 2016 49.44 138.33 138.27 - -
Q1 2017 110.95 112.90 66.21 - -
Q2 2017 78.31 185.75 76.30 - -
Q3 2017 96.70 139.31 93.54 - -
Q4 2017 70.96 161.98 82.97 - -
Q1 2018 72.03 157.52 54.91 - -
Q2 2018 65.94 131.78 45.70 - -
Q3 2018 74.61 127.57 66.87 - -
Q1 2019 84.83 116.82 84.29 - -
Q2 2019 85.19 202.58 70.15 - -
Q3 2019 99.58 208.28 55.25 - 74.54
Q4 2019 85.14 80.29 73.07 - 28.56
Q1 2020 144.80 161.28 76.40 - 7.15
Q2 2020 101.49 94.66 76.63 - 21.33
Q3 2020 113.25 128.29 72.43 - 39.10
Q4 2020 123.91 116.85 71.99 - 37.60
Q1 2021 119.70 110.22 60.56 - 31.56
Q2 2021 115.87 189.09 73.09 - 7.71
Q3 2021 112.33 141.24 65.59 - 22.61
Q4 2021 103.79 211.24 96.44 - 41.07
Q1 2022 145.21 127.82 95.40 - 50.52
Q2 2022 124.97 183.22 2.09 - 40.89
Q4 2022 216.95 145.99 145.85 - 177.98
Q1 2023 229.21 243.11 89.46 - 77.33
Q2 2023 188.27 226.63 98.17 - 20.51
Q3 2023 312.86 185.59 107.36 - 160.85
Q4 2023 222.71 133.29 175.49 - 31.55
Q1 2024 280.82 210.27 117.60 - 90.86
Q2 2024 249.59 137.44 110.85 - 152.22

Current
Market Cap (M Riyal) 2,334.18
Enterprise Value (EV) (M) 3,328.34
Shares Outstanding ((M)) 63.95
EPS ( Riyal) (TTM) 3.50
Book Value (BV) ( Riyal) 15.99
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 10.97
P/E (TTM) 10.42
Price/book 2.28
Return on Average Assets (%) (TTM) 7.7
Return on Average Equity (%) (TTM) 23.0

Share Price

Al-Babtain Power and Telecommunication Co. (ALBABTAIN)


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.