MIS 2021 profit drops to SAR 56.5 mln; Q4 down to SAR 11 mln

31/03/2022 Argaam Exclusive

Al Moammar Information Systems Co. (MIS) reported a net profit after Zakat and tax of SAR 56.5 million for 2021, a drop of 34% from SAR 85.1 million a year earlier.

 

This profit slump was driven by a decline in gross profit, as well as an increase in selling, marketing, general and administrative expenses.



Financials (M)

Item 2020 2021 Change‬
Revenues 674.79 638.82 (5.3 %)
Gross Income 173.23 166.72 (3.8 %)
Operating Income 98.30 77.26 (21.4 %)
Net Income 81.28 56.48 (30.5 %)
Average Shares 30.00 30.00 -
EPS (Riyals) 2.71 1.88 (30.5 %)

In Q4 2021, net profit after Zakat and tax dipped 48% year-on-year (YoY) to SAR 11 million.

 

On a sequential basis, Q4 2021 net profit fell by 42.5% from SAR 19 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Gross Income 42.28 57.28 35.5 %
Operating Income 22.43 23.70 5.7 %
Net Income 17.44 18.83 7.9 %
Average Shares 30.00 30.00 -
EPS (Riyals) 0.58 0.63 7.9 %

Shareholders equity, after minority interest, stood at SAR 333.9 million in 2021, up from SAR 324.7 million a year earlier.

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Share Price

Al Moammar Information Systems Co.
163.60
(1.20) (0.73 %)

Al Moammar Information Systems Co. (MIS)

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Financial Ratios
Current
Market Cap (M Riyal) 4,908.00
Enterprise Value (EV) (M) 5,666.21
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 11.76
Return on Average Assets (%) (TTM) 4.7
Return on Average Equity (%) (TTM) 29.6
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