Advance International Company for Communication and Information Technology (AICTEC) reported a rise of 28% in H1 2022 net profit after Zakat and tax to SAR 5.4 million, compared to SAR 4.3 million a year earlier.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 12.77 | 21.05 | 64.8 % |
| Gross Income | 10.35 | 10.81 | 4.4 % |
| Operating Income | 4.59 | 4.69 | 2.3 % |
| Net Income | 4.27 | 5.45 | 27.6 % |
| Average Shares | 64.00 | 64.00 | - |
| EPS (Halala) | 6.67 | 8.51 | 27.6 % |
The profit growth was driven by higher sales in the six-month period.
Total shareholders’ equity, after minority interest, increased to SAR 32.153 million as of June 30, 2022, from SAR 25.511 million a year earlier.
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