Riyadh – Mubasher: Al Babtain Power and Telecommunication Company reported on Monday an 8.2% rise in net profits during the second quarter (Q2) of 2020 at SAR 22.5 million, compared with SAR 20.8 million in the prior-year period.
The growth in quarterly profits was supported by the decrease in the firm’s general, administrative, marketing, and zakat expenses, coupled with lower estimated income tax, according to a stock exchange filing.
Revenues came in at SAR 294.1 million in the three month period ended 30 June, registering a yearly decline of 17.85%.
