Al-Babtain Power and Telecommunication Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

19 May 2024 03:49 PM

ALBABTAIN 2320 6.32% 37.00 2.20

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	699.5	639.1	9.45	563	24.245
Gross Profit (Loss)	109.4	64.6	69.349	139.6	-21.633
Operational Profit (Loss)	85.9	47.3	81.606	116.3	-26.139
Net profit (Loss)	82.6	14.2	481.69	43.2	91.203
Total Comprehensive Income	83.1	-3.5	-	12.7	554.33
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	987	878	12.414
Profit (Loss) per Share	1.29	0.22
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The reason for the increase in the revenues during the current quarter compared to the same quarter for the last year by 9% equivalent to SAR 60 million due to improvement performance of the Tower & Steel Structures Sector , and Solar Sector also.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for the increase in net profit for the current quarter compared to the same quarter of the last year is due to the increase in the margin for Towers & Steel Structures, Pole & lighting, and Solar sectors. In addition to that, there was a net profits from the sale of investment properties by amount SAR 47.7 Millions
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in sales for the current quarter compared to the previous one is due to implementation of the projects (part of it) that was secured by our company, in addition to the high performance of the Tower & Steel Structures Sector as well as the Solar Sector by SAR 136.5 Millions
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the increase in net profit for the current quarter compared to the previous one due to the achieved net profits from the sale of an investment properties by amount of SAR 47.7 million
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	No
Reclassification of Comparison Items	Certain figures of comparatives have been reclassified to conform to the current presentation.
Additional Information	-

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