Alqemam for Computer Systems Co. reported a net profit of SAR 4.6 million in H1 2024, compared to SAR 1.4 million in the year-earlier period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 16.09 | 16.48 | 2.4 % |
| Net Income | 1.41 | 4.59 | 225.5 % |
| Average Shares | 3.00 | 3.00 | - |
| EPS (Riyals) | 0.47 | 1.53 | 225.5 % |
This was attributed to revenue growth of 2.40% year-on-year (YoY). Also, expected credit losses dropped by 80% YoY in the same period.
Meanwhile, gross profit fell 14% YoY in H1 2024.
Total shareholders’ equity, no minority interest, amounted to SAR 75.3 million by June 30, 2024, compared to SAR 53.4 million in the prior-year period.
|
Development of Interim Results |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/Share) |
|
H1 2022 |
7.30 |
0.75 |
0.25 |
|
H2 2022 |
20.87 |
13.17 |
4.39 |
|
H1 2023 |
16.09 |
1.41 |
0.47 |
|
H2 2023 |
35.79 |
17.47 |
5.82 |
|
H1 2024 |
16.48 |
4.59 |
1.53 |
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