ALBABTAIN Food’s Net Profit Drops 7% to SAR 5.4 Million in 2024

Abdulaziz and Mansour Ibrahim Albabtin Co. (ALBABTAIN Food) reported a 7% decline in net profit to SAR 5.4 million in 2024, compared to SAR 5.8 million in 2023, according to its annual financial results for the period ending December 31, 2024.

Despite the profit decline, operational profit rose 25% to SAR 44 million, up from SAR 35 million in the previous year. Total shareholders’ equity (excluding minority interest) increased 6% to SAR 68 million, compared to SAR 64 million in 2023.

Earnings per share (EPS) stood at SAR 1.58 in 2024, compared to SAR 1.71 in 2023.