MIS reports 24% profit jump to SAR 46.5 mln in 9M 2022; Q3 at SAR 25.1 mln

06/11/2022 Argaam Exclusive

Al Moammar Information Systems Co. (MIS) reported a net profit after Zakat and tax of SAR 46.5 million for the first nine months of 2022, leaping 24% from SAR 37.7 million in year-earlier period.

 

The profit growth was mainly due to an increase in revenues and gross profit, which had a positive impact on operational income.



Financials (M)

Item 9m 2021 9m 2022 Change‬
Revenues 463.56 476.43 2.8 %
Gross Income 109.44 129.33 18.2 %
Operating Income 53.56 59.70 11.5 %
Net Income 37.66 46.53 23.6 %
Average Shares 30.00 30.00 -
EPS (Riyals) 1.26 1.55 23.6 %

Q3 2022 net profit after Zakat and tax rose 69.2% year-on-year (YoY) to SAR 25.1 million, driven by positive growth in revenues.

 

On a sequential basis, Q3 2022 net profit surged 48.9% from SAR 16.8 million.



Current Quarter Comparison (M)

Compared With The
Item Q3 2021 Q3 2022 Change‬
Revenues 171.97 198.80 15.6 %
Gross Income 42.19 52.33 24.0 %
Operating Income 20.59 29.30 42.3 %
Net Income 14.83 25.09 69.2 %
Average Shares 30.00 30.00 -
EPS (Riyals) 0.49 0.84 69.2 %

Total shareholders' equity, with no minority interest, reached SAR 321.61 million at the end of first nine months of 2022, compared with SAR 315.53 million a year earlier.

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Share Price

Al Moammar Information Systems Co.
161.20
(1.40) (0.86 %)

Al Moammar Information Systems Co. (MIS)

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Financial Ratios
Current
Market Cap (M Riyal) 4,836.00
Enterprise Value (EV) (M) 5,594.21
Shares Outstanding ((M)) 30.00
Book Value (BV) ( Riyal) 13.91
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 11.59
Return on Average Assets (%) (TTM) 4.7
Return on Average Equity (%) (TTM) 29.6
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