Advance International Company for Communication and Information Technology (AICTEC) reported a 59% fall in 2023 net profit to SAR 3.1 million, compared to SAR 7.7 million in 2022.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 41.76 | 47.28 | 13.2 % |
| Gross Income | 18.32 | 17.62 | (3.8 %) |
| Operating Income | 7.35 | 3.21 | (56.3 %) |
| Net Income | 7.66 | 3.11 | (59.4 %) |
| Average Shares | 64.00 | 64.00 | - |
| EPS (Halala) | 11.97 | 4.85 | (59.4 %) |
The annual bottom line was hurt by a 26.5% year-on-year (YoY) increase in the cost of goods sold on higher charges for shipping, clearance, and goods.
Shareholders’ equity, no minority interest, increased to SAR 37.30 million as of Dec. 31, 2023, from SAR 34.25 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue |
Net Profit |
EPS |
|
H1 2020 |
11.05 |
1.55 |
0.02 |
|
H2 2020 |
21.78 |
7.43 |
0.12 |
|
H1 2021 |
12.77 |
4.27 |
0.07 |
|
H2 2021 |
17.34 |
0.98 |
0.02 |
|
H1 2022 |
21.05 |
5.45 |
0.09 |
|
H2 2022 |
20.71 |
2.21 |
0.03 |
|
H1 2023 |
23.23 |
4.50 |
0.07 |
|
H2 2023 |
24.05 |
(1.39) |
(0.02) |
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}}