تعلن شركة البابطين للطاقة والاتصالات عن النتائج المالية الأولية للفترة المنتهية في 30/

A2320 ALBABTAIN-0.2 (-0.58 %)
1443/04/06 Thu Nov 11, 2021 15:47:42

Al Babtain Power and telecommunication company announces its Interim Financial Results for the Period Ending on 2021-09-30 (Nine Months)

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	341.77	353.06	-3.197	385.8	-11.412
Gross Profit (Loss)	39.67	46.67	-14.998	47.1	-15.774
Operational Profit (Loss)	14.39	22.71	-36.635	23.5	-38.765
Net Profit (Loss) after Zakat and Tax	12.65	15.31	-17.374	15.53	-18.544
Total Comprehensive Income	20.27	15.88	27.644	3.3	514.242
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,049.6	1,036.8	1.234
Gross Profit (Loss)	130.1	145.8	-10.768
Operational Profit (Loss)	55.3	72	-23.194
Net Profit (Loss) after Zakat and Tax	43.7	52.1	-16.122
Total Comprehensive Income	39	44.8	-12.946
Total Share Holders Equity (after Deducting Minority Equity)	772.8	776.5	-0.476
Profit (Loss) per Share	1.02	1.22
All figures are in (Millions) Saudi Arabia, Riyals

Accumulated Losses	Capital	Percentage %
0	0	0
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
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 decrease in net profits during the current quarter compared to the same quarter of the previous year is due to the increase in the cost of sales ratio from 86.8% in the same quarter of the previous year to 88.4% during the current quarter and the increase in general and administrative expenses and financing costs.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the decrease in net profits during the current quarter compared to the previous quarter is due to the increase in the cost of sales percentage from 87.8% in the previous quarter to 88.4% during the current quarter, a rise in general and administrative expenses, financing costs, and a decrease in other revenues.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease in net profits during the current period compared to the same period of the previous year is due to the increase in the cost of sales ratio from 85.9 % in the comparison period of the previous year to 87.6% during the current period and the increase in general and administrative expenses, zakat expense and estimated income tax.
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	NO
Reclassification of Comparison Items	Certain figures of comparatives have been reclassified to conform to the current presentation.
Additional Information	NO

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.