Jahez International Company for Information System Technology reported a net profit of SAR 59 million for 2022, down 50% from SAR 117.1 million a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 1,159.57 | 1,602.48 | 38.2 % |
| Gross Income | 245.53 | 359.18 | 46.3 % |
| Operating Income | 119.29 | 140.85 | 18.1 % |
| Net Income | 117.07 | 58.98 | (49.6 %) |
| Average Shares | 192.00 | 209.84 | 9.3 % |
| EPS (Halala) | 60.97 | 28.11 | (53.9 %) |
The drop was driven by the logistics segment reporting a loss of SAR 123.8 million in 2022 compared to a loss of SAR 6.4 million in the previous year despite revenue rising 180.4%.
On the other hand, the profit of the delivery platforms segment increased by 56% to SAR 180.4 million in 2022 from SAR 115.9 million in 2021 on higher gross revenue and an increase in the average number of users.
Total shareholders’ equity, excluding minority interest, reached SAR 1.00 billion as of Dec. 31, 2022, compared to SAR 187.27 million a year earlier.
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