Al Babtain Power and Telecommunication Company reported a net profit of SAR 266 million by the end of 2024, an 88% increase from SAR 142 million in 2023. This announcement came after the release of the preliminary financial results for the period ending December 31, 2024.
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Operating profit increased by 16%, reaching SAR 365 million in 2024 compared to SAR 316 million in 2023.
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Total shareholders’ equity (excluding non-controlling interests) grew by 18% to SAR 1.07 billion in 2024, up from SAR 905 million in 2023.
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Earnings per share (EPS) climbed to SAR 4.16 in 2024, compared to SAR 2.21 in 2023.
The company attributed its 12.93% revenue growth to increased sales volumes and the acquisition of new projects, as detailed in its statement on Tadawul.
