Alqemam 2022 profit rises 16% to SAR 13.9 mln; Q4 at SAR 5.3 mln

29/03/2023 Argaam Exclusive

View other reports

Alqemam for Computer Systems Co. reported a net profit of SAR 13.9 million in 2022, up 16% from SAR 12 million in the prior-year period.

Financials (M)

Item	2021	2022	Change‬
Revenues	22.16	28.17	27.1 %
Gross Income	14.27	17.20	20.6 %
Operating Income	12.40	15.29	23.3 %
Net Income	11.96	13.92	16.4 %
Average Shares	3.00	3.00	-
EPS (Riyals)	3.99	4.64	16.4 %

This was driven by higher revenue as a result of new client contracts in Qassim and Makkah. This is in addition to an increase in the number of e-programs that cater to client needs.

Q4 2022 net earnings dropped 55% to SAR 5.25 million, from SAR 11.62 million in the year-earlier period.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬

Item	H1 2022	H2 2022	Change‬
Revenues	7.30	20.87	185.9 %
Gross Income	3.03	14.17	367.9 %
Operating Income	1.26	14.03	1010.2 %
Net Income	0.75	13.17	1662.4 %
Average Shares	3.00	3.00	-
EPS (Riyals)	0.25	4.39	1662.4 %

Total shareholders’ equity, excluding minority interest, stood at SAR 13.92 million by Dec. 31, 2022, compared to SAR 11.96 million a year earlier.

View more financial results

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×