Al Moammar’s net profit rises 18% in FY19

19/02/2020 Argaam Exclusive

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Al Moammar Information Systems Co. reported a net profit after Zakat and tax of SAR 75.97 million for the fiscal year 2019, an increase of 17.7% year-on-year (YoY).

Financials (M)

Item	2018	2019	Change‬
Revenues	886.15	997.52	12.6 %
Gross Income	133.62	163.82	22.6 %
Operating Income	85.89	100.20	16.7 %
Net Income	64.51	75.98	17.8 %
Average Shares	30.00	30.00	-
EPS (Riyals)	2.15	2.53	17.8 %

The increase was attributed to a 12.6% rise in revenue from contracts and improvements in gross margins.

In Q4 2019, the company reported a net profit of SAR 36.84 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	273.97	318.23	16.2 %
Gross Income	52.51	64.29	22.4 %
Operating Income	39.43	49.03	24.4 %
Net Income	36.30	36.85	1.5 %
Average Shares	30.00	30.00	-
EPS (Riyals)	1.21	1.23	1.5 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	229.94	318.23	38.4 %
Gross Income	33.12	64.29	94.1 %
Operating Income	20.74	49.03	136.4 %
Net Income	14.39	36.85	156.0 %
Average Shares	30.00	30.00	-
EPS (Riyals)	0.48	1.23	156.0 %

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