reports
Better and better
The company posted a 61% rise in its operating profit, which amounted to SAR50.7m (vs. SAR31.5m in the same quarter of the previous year). The Net Profit jumped to SAR40.6m compared to SAR26.3m in Q1 2015 (+54.4% yoy and +5.7% qoq) due to low cost-to-sales revenue ratio, lower financing charges and SG&A expenses. The company has not released its top line figures yet.
Good FY 2015 performance
The company posted a decline of -29.24% in Q4 2015 operating profit, which amounted to SAR51.3M compared to SAR72.5M in Q4 2014. However, the operating income witnessed a significant increase of 22.73% compared to the previous quarter. The net profit was up by 26.73% to SAR38.4M compared to the same quarter of the previous year. Al Babtain ended the year 2015 with a net profit increase of 33.5% (SAR136.7M in 2015 Vs.
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