reports
- Fatma HADDAD
Slight net result decline
Al Babtain’s Q1 2017 revenues fell by 14.4% yoy to SAR290.056m. The cost of sales declined by almost the same rate, -14.2% to SAR214.021m, leading the gross margin to remain at a stable level (26.2% vs. 26.3% in Q1 2016). Finance costs dropped by 18.1% yoy to stand at SAR6.146m. The net result witnessed a slight decrease by 3.7%, to set at SAR39.077m.
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