Al Moammar Information Systems Co. (MIS) reported a net profit after Zakat and tax of SAR 16.9 million for the first quarter of 2020, a rise of 44% year-on-year (YoY), compared to SAR 11.7 million in the same period last year.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 211.22 | 228.04 | 8.0 % |
| Gross Income | 30.57 | 37.61 | 23.0 % |
| Operating Income | 18.26 | 21.92 | 20.1 % |
| Net Income | 11.72 | 16.93 | 44.4 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.39 | 0.56 | 44.4 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 318.23 | 228.04 | (28.3 %) |
| Gross Income | 64.29 | 37.61 | (41.5 %) |
| Operating Income | 49.03 | 21.92 | (55.3 %) |
| Net Income | 36.85 | 16.93 | (54.1 %) |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 1.23 | 0.56 | (54.1 %) |
The increase is attributed to rise in new orders, strong backlog carried forward and growth in gross profits due to improvements in operational efficiency and provision of insource and outsource services.
Q1 2020 net profit fell by 54% compared to the previous quarter, driven by 28.3% decline in sales and 47% fall in total comprehensive income.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}